Freedom Acquisition I (NASDAQ:FACT) Stock Price Down 0.1% – Here’s Why

Freedom Acquisition I Corp. (NASDAQ:FACT) fell 0.1% on Monday . The stock traded as low as $10.66 and last traded at $10.66. Approximately 130 shares changed hands during trading, a decline of 100% from the average daily volume of 84,663 shares. The stock had previously closed at $10.67.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Freedom Acquisition I in a report on Monday, July 6th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Freedom Acquisition I Stock Performance

The firm has a 50-day moving average of $10.65 and a 200-day moving average of $10.57.

Freedom Acquisition I (NASDAQ:FACT) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.04 EPS for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Berkley W R Corp lifted its position in Freedom Acquisition I by 14.2% during the first quarter. Berkley W R Corp now owns 325,445 shares of the company’s stock valued at $3,417,000 after purchasing an additional 40,363 shares during the last quarter. Rangeley Capital LLC bought a new stake in Freedom Acquisition I in the first quarter worth about $163,000. Toronto Dominion Bank bought a new stake in shares of Freedom Acquisition I during the 4th quarter worth approximately $4,148,000. Rivernorth Capital Management LLC boosted its stake in shares of Freedom Acquisition I by 28.0% during the fourth quarter. Rivernorth Capital Management LLC now owns 499,023 shares of the company’s stock valued at $5,195,000 after purchasing an additional 109,023 shares during the period. Finally, Radcliffe Capital Management L.P. boosted its position in Freedom Acquisition I by 4.7% in the 4th quarter. Radcliffe Capital Management L.P. now owns 523,289 shares of the company’s stock valued at $5,447,000 after buying an additional 23,289 shares during the period. 55.82% of the stock is currently owned by institutional investors.

Freedom Acquisition I Company Profile

Freedom Acquisition I Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses. Freedom Acquisition I Corp. was incorporated in 2020 and is based in New York, New York.