StoneBridge Acquisition (NASDAQ:APAC) Stock Price Down 0.1% – Should You Sell?

StoneBridge Acquisition Co. (NASDAQ:APACGet Free Report) shares traded down 0.1% on Wednesday . The company traded as low as $10.21 and last traded at $10.1990. Approximately 4,213 shares were traded during trading, a decline of 72% from the average session volume of 14,976 shares. The stock had previously closed at $10.21.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of StoneBridge Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, StoneBridge Acquisition presently has a consensus rating of “Sell”.

Get Our Latest Stock Report on APAC

StoneBridge Acquisition Stock Down 0.1%

The company has a 50 day moving average of $10.17 and a 200 day moving average of $10.10.

StoneBridge Acquisition (NASDAQ:APACGet Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported $0.04 earnings per share for the quarter.

Hedge Funds Weigh In On StoneBridge Acquisition

Several institutional investors and hedge funds have recently made changes to their positions in APAC. Wolverine Asset Management LLC bought a new stake in shares of StoneBridge Acquisition in the fourth quarter worth $4,989,000. Rivernorth Capital Management LLC acquired a new stake in StoneBridge Acquisition in the first quarter valued at $4,970,000. Glazer Capital LLC acquired a new stake in StoneBridge Acquisition in the fourth quarter valued at $4,051,000. Clear Street Group Inc. bought a new position in StoneBridge Acquisition during the 4th quarter valued at $3,216,000. Finally, AQR Arbitrage LLC bought a new position in StoneBridge Acquisition during the 4th quarter valued at $2,945,000. 19.18% of the stock is currently owned by hedge funds and other institutional investors.

About StoneBridge Acquisition

(Get Free Report)

StoneBridge Acquisition Corporation 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. The company was incorporated in 2021 and is based in New York, New York.

Further Reading

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