JATT Acquisition Corp (NYSE:JATT – Get Free Report) traded up 7.3% on Friday . The company traded as high as $13.22 and last traded at $13.4070. Approximately 12,848 shares changed hands during trading, a decline of 35% from the average session volume of 19,868 shares. The stock had previously closed at $12.50.
JATT Acquisition Price Performance
The stock has a 50-day moving average of $11.40 and a two-hundred day moving average of $9.05.
Institutional Investors Weigh In On JATT Acquisition
A hedge fund recently bought a new stake in JATT Acquisition stock. Spruce Street Capital LP acquired a new stake in JATT Acquisition Corp (NYSE:JATT – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 160,000 shares of the company’s stock, valued at approximately $1,817,600,000. Spruce Street Capital LP owned approximately 1.99% of JATT Acquisition as of its most recent filing with the SEC. 47.97% of the stock is currently owned by institutional investors and hedge funds.
About JATT Acquisition
JATT Acquisition Corp does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus on businesses primarily operating in the life sciences sector. JATT Acquisition Corp was incorporated in 2021 and is based in Grand Cayman, the Cayman Islands.
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