Fortune Rise Acquisition (NASDAQ:FRLA) Trading Up 0.1%

Posted by Linda Flegge on Apr 26th, 2024

Fortune Rise Acquisition Co. (NASDAQ:FRLA – Get Free Report)’s stock price was up 0.1% during mid-day trading on Thursday . The stock traded as high as $11.17 and last traded at $11.17. Approximately 124 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 71,364 shares. The stock had previously closed at $11.16.

Fortune Rise Acquisition Stock Up 0.1 %

The firm has a 50 day moving average of $11.13 and a 200-day moving average of $11.04.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Spartan Fund Management Inc. purchased a new position in Fortune Rise Acquisition during the 4th quarter worth $343,000. K2 Principal Fund L.P. acquired a new position in shares of Fortune Rise Acquisition in the 3rd quarter valued at about $357,000. Cowen AND Company LLC acquired a new position in Fortune Rise Acquisition in the 3rd quarter worth about $798,000. Mizuho Securities USA LLC acquired a new position in Fortune Rise Acquisition in the 3rd quarter worth about $1,171,000. Finally, Clear Street LLC increased its stake in Fortune Rise Acquisition by 2.6% during the 4th quarter. Clear Street LLC now owns 129,550 shares of the company’s stock worth $1,420,000 after buying an additional 3,323 shares in the last quarter. 52.89% of the stock is currently owned by hedge funds and other institutional investors.

Fortune Rise Acquisition Company Profile

(Get Free Report)

Fortune Rise Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Clearwater, Florida.