CONX Corp. (NASDAQ:CONX – Get Rating) saw unusually-high trading volume on Tuesday . Approximately 300 shares changed hands during mid-day trading, a decline of 98% from the previous session's volume of 12,816 shares.The stock last traded at $10.04 and had previously closed at $10.02.

CONX Price Performance

The business's 50 day simple moving average is $10.04 and its 200 day simple moving average is $9.96.

Hedge Funds Weigh In On CONX

Institutional investors and hedge funds have recently made changes to their positions in the business. Fort Baker Capital Management LP grew its stake in shares of CONX by 4.6% in the 1st quarter. Fort Baker Capital Management LP now owns 3,899,572 shares of the company's stock worth $38,411,000 after buying an additional 172,916 shares in the last quarter. Potomac Capital Management Inc. boosted its stake in shares of CONX by 55.2% during the 2nd quarter. Potomac Capital Management Inc. now owns 231,600 shares of the company's stock worth $2,289,000 after purchasing an additional 82,332 shares during the period. Berkley W R Corp boosted its stake in shares of CONX by 486.9% during the 2nd quarter. Berkley W R Corp now owns 103,662 shares of the company's stock worth $1,025,000 after purchasing an additional 86,000 shares during the period. Toronto Dominion Bank boosted its stake in shares of CONX by 79.3% during the 2nd quarter. Toronto Dominion Bank now owns 135,669 shares of the company's stock worth $1,340,000 after purchasing an additional 60,000 shares during the period. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of CONX during the 2nd quarter worth about $133,000. 71.84% of the stock is owned by hedge funds and other institutional investors.

CONX Company Profile

CONX Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to focus its search on identifying a prospective target operating in the technology, media, and telecommunications industries, including wireless communications industry.

Further Reading

• Get a free copy of the StockNews.com research report on CONX (CONX)
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