Compass Digital Acquisition (NASDAQ:CDAQ) Stock Price Down 1.1% – What’s Next?

Compass Digital Acquisition Corp. (NASDAQ:CDAQ) traded down 1.1% during trading on Thursday . The stock traded as low as $10.75 and last traded at $10.75. 2,581 shares were traded during trading, a decline of 94% from the average session volume of 40,190 shares. The stock had previously closed at $10.87.

Compass Digital Acquisition Stock Performance

The firm’s 50 day moving average is $10.82 and its 200 day moving average is $10.83.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CDAQ. Tidal Investments LLC bought a new position in shares of Compass Digital Acquisition during the 1st quarter worth approximately $249,000. Robinson Capital Management LLC raised its stake in shares of Compass Digital Acquisition by 107.3% during the 1st quarter. Robinson Capital Management LLC now owns 35,559 shares of the company’s stock worth $383,000 after acquiring an additional 18,408 shares in the last quarter. Clear Street LLC raised its stake in shares of Compass Digital Acquisition by 15,411.0% during the 2nd quarter. Clear Street LLC now owns 45,292 shares of the company’s stock worth $493,000 after acquiring an additional 45,000 shares in the last quarter. Virtu Financial LLC raised its stake in shares of Compass Digital Acquisition by 44.7% during the 1st quarter. Virtu Financial LLC now owns 46,245 shares of the company’s stock worth $495,000 after acquiring an additional 14,283 shares in the last quarter. Finally, Wolverine Asset Management LLC acquired a new position in Compass Digital Acquisition during the 2nd quarter valued at approximately $504,000. Institutional investors own 77.38% of the company’s stock.

Compass Digital Acquisition Company Profile

Compass Digital Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus its search on companies in the technology sectors, including in the technology led digital transformation software and services sector.