Patria Latin American Opportunity Acquisition (NASDAQ:PLAO) Stock Price Up 0.1%

Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO) traded up 0.1% during trading on Wednesday . The company traded as high as $11.33 and last traded at $11.33. 61,486 shares were traded during trading, a decline of 23% from the average session volume of 79,587 shares. The stock had previously closed at $11.32.

Patria Latin American Opportunity Acquisition Stock Performance

The business has a 50-day moving average price of $11.27 and a 200 day moving average price of $11.14.

Institutional Trading of Patria Latin American Opportunity Acquisition

A number of institutional investors have recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in Patria Latin American Opportunity Acquisition during the 1st quarter worth about $53,000. Meteora Capital LLC purchased a new stake in Patria Latin American Opportunity Acquisition during the 4th quarter worth about $114,000. Schonfeld Strategic Advisors LLC purchased a new stake in Patria Latin American Opportunity Acquisition during the 1st quarter worth about $158,000. Sea Otter Advisors LLC bought a new position in Patria Latin American Opportunity Acquisition in the 1st quarter worth about $264,000. Finally, Walleye Trading LLC bought a new position in Patria Latin American Opportunity Acquisition in the 2nd quarter worth about $271,000. Hedge funds and other institutional investors own 72.25% of the company’s stock.

About Patria Latin American Opportunity Acquisition

Patria Latin American Opportunity Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, ordinary shares purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Grand Cayman, the Cayman Islands.