Oak Woods Acquisition (NASDAQ:OAKU) Trading 0.2% Higher – What’s Next?

Oak Woods Acquisition Co. (NASDAQ:OAKU)’s share price rose 0.2% during mid-day trading on Friday . The company traded as high as $11.37 and last traded at $11.37. Approximately 402 shares changed hands during trading, a decline of 99% from the average daily volume of 62,101 shares. The stock had previously closed at $11.35.

Oak Woods Acquisition Stock Up 0.2 %

The firm has a fifty day moving average price of $11.31 and a 200 day moving average price of $11.11.

Insider Buying and Selling at Oak Woods Acquisition

In related news, major shareholder Mizuho Securities Usa Llc sold 74,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $11.18, for a total transaction of $827,320.00. Following the transaction, the insider now directly owns 413,394 shares of the company’s stock, valued at approximately $4,621,744.92. The trade was a 15.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Oak Woods Acquisition

Several institutional investors and hedge funds have recently modified their holdings of the stock. Mizuho Securities USA LLC boosted its holdings in shares of Oak Woods Acquisition by 151.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 487,212 shares of the company’s stock worth $5,393,000 after buying an additional 293,106 shares during the period. Shaolin Capital Management LLC grew its position in shares of Oak Woods Acquisition by 113.7% in the second quarter. Shaolin Capital Management LLC now owns 350,000 shares of the company’s stock valued at $3,808,000 after purchasing an additional 186,200 shares during the last quarter. Walleye Capital LLC bought a new position in shares of Oak Woods Acquisition during the third quarter worth approximately $710,000. SkyView Investment Advisors LLC acquired a new stake in Oak Woods Acquisition during the 3rd quarter worth approximately $445,000. Finally, Quarry LP bought a new stake in Oak Woods Acquisition in the 2nd quarter valued at $401,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

About Oak Woods Acquisition

Oak Woods Acquisition Corporation does not have significant operations. It focuses on entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other business combination with one or more businesses. The company intends to focus on businesses that operate in the public and private healthcare, medical services, and technology-enabled healthcare services sectors, as well as enterprise services, artificial intelligence, culture and media, computer and internet technologies, new consumer brands, blockchain, and other areas in the Asia-pacific region.