Oak Woods Acquisition (NASDAQ:OAKU) Stock Price Up 2.4% – Time to Buy?

Shares of Oak Woods Acquisition Co. (NASDAQ:OAKUGet Free Report) rose 2.4% on Monday . The company traded as high as $11.55 and last traded at $11.83. Approximately 31 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 47,605 shares. The stock had previously closed at $11.55.

Oak Woods Acquisition Price Performance

The business’s fifty day moving average is $11.49 and its two-hundred day moving average is $11.31.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Spartan Fund Management Inc. purchased a new position in Oak Woods Acquisition during the fourth quarter worth $37,000. Berkley W R Corp boosted its stake in Oak Woods Acquisition by 8.1% during the third quarter. Berkley W R Corp now owns 300,420 shares of the company’s stock worth $3,338,000 after buying an additional 22,424 shares during the period. Boothbay Fund Management LLC purchased a new position in Oak Woods Acquisition during the fourth quarter worth $285,000. Walleye Trading LLC purchased a new position in Oak Woods Acquisition during the third quarter worth $400,000. Finally, Quarry LP boosted its stake in Oak Woods Acquisition by 100.3% during the fourth quarter. Quarry LP now owns 73,900 shares of the company’s stock worth $839,000 after buying an additional 37,000 shares during the period. 63.01% of the stock is owned by hedge funds and other institutional investors.

About Oak Woods Acquisition

(Get Free Report)

Oak Woods Acquisition Corporation does not have significant operations. It focuses on entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other business combination with one or more businesses. The company intends to focus on businesses that operate in the public and private healthcare, medical services, and technology-enabled healthcare services sectors, as well as enterprise services, artificial intelligence, culture and media, computer and internet technologies, new consumer brands, blockchain, and other areas in the Asia-pacific region.

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