Onyx Acquisition Co. I (NASDAQ:ONYX) Stock Price Up 0.8% – Here’s What Happened

Onyx Acquisition Co. I (NASDAQ:ONYX) shot up 0.8% during mid-day trading on Monday . The stock traded as high as $11.44 and last traded at $11.44. 8,423 shares traded hands during trading, a decline of 8% from the average session volume of 9,118 shares. The stock had previously closed at $11.35.

Onyx Acquisition Co. I Trading Up 0.4 %

The stock’s fifty day simple moving average is $11.32 and its 200 day simple moving average is $11.26.

Hedge Funds Weigh In On Onyx Acquisition Co. I

Institutional investors and hedge funds have recently bought and sold shares of the stock. Robinson Capital Management LLC purchased a new stake in Onyx Acquisition Co. I in the first quarter worth about $59,000. Quarry LP purchased a new position in shares of Onyx Acquisition Co. I during the 2nd quarter valued at about $1,527,000. Finally, Berkley W R Corp bought a new position in shares of Onyx Acquisition Co. I during the 2nd quarter valued at approximately $2,136,000. 23.34% of the stock is currently owned by hedge funds and other institutional investors.

Onyx Acquisition Co. I Company Profile

Onyx Acquisition Co I 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 or entities in general industrials and construction technology sectors. The company was incorporated in 2021 and is based in New York, New York.