JATT Acquisition Corp (NYSE:JATT – Get Free Report)’s stock price dropped 1.3% during mid-day trading on Tuesday . The stock traded as low as $12.00 and last traded at $11.9960. 3,927 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 20,976 shares. The stock had previously closed at $12.16.
JATT Acquisition Price Performance
The business has a 50-day simple moving average of $12.11 and a two-hundred day simple moving average of $10.09.
Institutional Trading of JATT Acquisition
A hedge fund recently bought a new stake in JATT Acquisition stock. Spruce Street Capital LP acquired a new position in shares of JATT Acquisition Corp (NYSE:JATT – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 160,000 shares of the company’s stock, valued at approximately $1,817,600. Spruce Street Capital LP owned approximately 1.99% of JATT Acquisition as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 47.97% of the company’s stock.
JATT Acquisition Company Profile
JATT Acquisition Corp. was a special purpose acquisition company formed to identify and complete a business combination with a company in the healthcare or life sciences sector. As a blank-check company, it did not operate a standalone commercial business or offer products and services of its own before completing a transaction.
JATT announced a merger with Zura Bio Limited, a clinical-stage biotechnology company developing medicines for immune-mediated diseases. The transaction was completed in 2023, and the combined company began operating as Zura Bio Limited under the ticker symbol ZURA.
Following the completion of the business combination, JATT Acquisition Corp.
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