Apex Technology Acquisition (NASDAQ:APXT) Reaches New 12-Month High – What’s Next?

Apex Technology Acquisition Co. (NASDAQ:APXT)’s share price reached a new 52-week high on Thursday . The stock traded as high as $10.02 and last traded at $10.02, with a volume of 27915 shares changing hands. The stock had previously closed at $10.02.

Apex Technology Acquisition Price Performance

The stock has a fifty day simple moving average of $9.98 and a two-hundred day simple moving average of $10.21.

Apex Technology Acquisition (NASDAQ:APXT) last announced its earnings results on Thursday, March 26th. The company reported $0.09 EPS for the quarter.

Hedge Funds Weigh In On Apex Technology Acquisition

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wolverine Asset Management LLC purchased a new position in shares of Apex Technology Acquisition in the 4th quarter valued at approximately $11,246,000. Gritstone Asset Management LLC purchased a new position in shares of Apex Technology Acquisition in the fourth quarter worth $494,000. Aristeia Capital L.L.C. purchased a new position in shares of Apex Technology Acquisition in the fourth quarter worth $5,440,000. Radcliffe Capital Management L.P. purchased a new position in shares of Apex Technology Acquisition during the fourth quarter valued at approximately $6,676,000. Finally, Magnetar Financial LLC purchased a new stake in Apex Technology Acquisition during the fourth quarter valued at $8,406,000. 6.01% of the stock is currently owned by hedge funds and other institutional investors.

About Apex Technology Acquisition

Apex Technology 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 in the software and internet technology industries. The company was incorporated in 2019 and is based in Burlingame, California. Apex Technology Acquisition Corporation is a subsidiary of Apex Technology Sponsor LLC.