ClimateRock (NASDAQ:CLRC) Stock Price Up 0.1% – Time to Buy?

Shares of ClimateRock (NASDAQ:CLRC) were up 0.1% on Tuesday . The company traded as high as $11.97 and last traded at $11.97. Approximately 561 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 725 shares. The stock had previously closed at $11.96.

ClimateRock Price Performance

The stock has a 50 day moving average price of $11.86 and a two-hundred day moving average price of $11.69.

Hedge Funds Weigh In On ClimateRock

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CLRC. Mizuho Securities USA LLC increased its stake in shares of ClimateRock by 40.3% in the 4th quarter. Mizuho Securities USA LLC now owns 408,381 shares of the company’s stock valued at $4,778,000 after acquiring an additional 117,351 shares during the last quarter. Toronto Dominion Bank acquired a new position in ClimateRock during the fourth quarter valued at approximately $2,482,000. Finally, Harraden Circle Investments LLC bought a new stake in ClimateRock in the fourth quarter valued at approximately $1,391,000. Institutional investors own 55.48% of the company’s stock.

ClimateRock Company Profile

ClimateRock focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to pursue an initial business combination within climate change, environment, renewable energy and emerging, and clean technologies.