Atlantic Coastal Acquisition Corp. (NASDAQ:ACAHU – Get Rating) traded down 0.5% during mid-day trading on Tuesday . The company traded as low as $10.06 and last traded at $10.06. 130 shares were traded during trading, a decline of 98% from the average session volume of 6,762 shares. The stock had previously closed at $10.11.

Atlantic Coastal Acquisition Trading Down 0.5 %

The stock's fifty day moving average price is $10.09 and its 200-day moving average price is $10.00.

Hedge Funds Weigh In On Atlantic Coastal Acquisition

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACAHU. Ancora Advisors LLC purchased a new position in Atlantic Coastal Acquisition in the 1st quarter valued at approximately $741,000. Clear Street LLC purchased a new position in Atlantic Coastal Acquisition in the 3rd quarter valued at approximately $40,000. Cubist Systematic Strategies LLC purchased a new position in Atlantic Coastal Acquisition in the 3rd quarter valued at approximately $162,000. Longfellow Investment Management Co. LLC boosted its position in Atlantic Coastal Acquisition by 294.8% in the 4th quarter. Longfellow Investment Management Co. LLC now owns 14,409 shares of the company's stock valued at $144,000 after buying an additional 10,759 shares during the period. Finally, OLD Mission Capital LLC purchased a new position in Atlantic Coastal Acquisition in the 4th quarter valued at approximately $25,000.

About Atlantic Coastal Acquisition

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Atlantic Coastal Acquisition Corp. 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 mobility sector. The company was incorporated in 2020 and is based in New York, New York.

Read More

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