Gores Guggenheim (NASDAQ:GGPI) Stock Price Up 14.1%

Gores Guggenheim, Inc. (NASDAQ:GGPI – Get Rating) shares rose 14.1% during mid-day trading on Friday . The stock traded as high as $10.25 and last traded at $10.17. Approximately 296,833 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 3,000,348 shares. The stock had previously closed at $8.91.

The business has a 50-day moving average price of $10.64 and a two-hundred day moving average price of $11.08.

Hedge funds have recently added to or reduced their stakes in the company. Raymond James & Associates bought a new stake in shares of Gores Guggenheim during the fourth quarter worth $265,000. Canton Hathaway LLC bought a new stake in shares of Gores Guggenheim during the fourth quarter worth $43,000. Bank of Montreal Can acquired a new stake in shares of Gores Guggenheim during the fourth quarter worth $2,793,000. F3Logic LLC acquired a new stake in shares of Gores Guggenheim during the fourth quarter worth $242,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Gores Guggenheim during the third quarter worth $2,555,000. Institutional investors own 29.16% of the company’s stock.

About Gores Guggenheim (NASDAQ:GGPI)

Gores Guggenheim, Inc does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Boulder, Colorado.

Further Reading

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