Canna-Global Acquisition (NASDAQ:CNGL) Trading 0.3% Higher

Canna-Global Acquisition Corp (NASDAQ:CNGL)’s share price was up 0.3% on Thursday . The company traded as high as $10.99 and last traded at $10.99. Approximately 100 shares changed hands during trading, a decline of 100% from the average daily volume of 99,671 shares. The stock had previously closed at $10.96.

Canna-Global Acquisition Stock Performance

The business’s fifty day moving average price is $11.03 and its two-hundred day moving average price is $11.08.

Insider Buying and Selling

In other news, major shareholder Cowen Inc. bought 2,800 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were purchased at an average price of $10.50 per share, for a total transaction of $29,400.00. Following the acquisition, the insider now directly owns 5,148 shares of the company’s stock, valued at approximately $54,054. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 72.10% of the company’s stock.

Institutional Trading of Canna-Global Acquisition

Several institutional investors have recently made changes to their positions in the business. Wolverine Asset Management LLC boosted its position in Canna-Global Acquisition by 15.6% in the second quarter. Wolverine Asset Management LLC now owns 174,843 shares of the company’s stock valued at $1,824,000 after buying an additional 23,546 shares in the last quarter. SkyView Investment Advisors LLC acquired a new position in Canna-Global Acquisition in the first quarter valued at about $787,000. Crystalline Management Inc. acquired a new position in Canna-Global Acquisition in the fourth quarter valued at about $546,000. Mizuho Securities USA LLC acquired a new position in Canna-Global Acquisition in the fourth quarter valued at about $1,690,000. Finally, BCK Capital Management LP boosted its position in Canna-Global Acquisition by 247.8% in the fourth quarter. BCK Capital Management LP now owns 83,028 shares of the company’s stock valued at $903,000 after buying an additional 59,158 shares in the last quarter. 19.55% of the stock is currently owned by institutional investors and hedge funds.

About Canna-Global Acquisition

Canna-Global Acquisition Corp. does not have significant operations. The company intends to acquire and engage in a share exchange, share reconstruction, and amalgamation with one or more businesses or entities. It intends to focus its search of target business in the cannabis industry. The company was incorporated in 2021 and is based in Marina Del Rey, California.