Founder SPAC (NASDAQ:FOUNU) Stock Price Down 12.3%

Founder SPAC (NASDAQ:FOUNUGet Rating) was down 12.3% on Friday . The company traded as low as $8.26 and last traded at $8.30. Approximately 785 shares changed hands during trading, a decline of 91% from the average daily volume of 8,714 shares. The stock had previously closed at $9.46.

Founder SPAC Trading Down 12.3 %

The business has a 50 day simple moving average of $10.06 and a two-hundred day simple moving average of $10.17.

Institutional Investors Weigh In On Founder SPAC

A number of hedge funds have recently bought and sold shares of FOUNU. Toronto Dominion Bank acquired a new position in shares of Founder SPAC in the 4th quarter worth approximately $103,000. Walleye Capital LLC acquired a new position in shares of Founder SPAC in the 1st quarter worth approximately $149,000. CSS LLC IL acquired a new position in shares of Founder SPAC in the 4th quarter worth approximately $870,000. Castle Creek Arbitrage LLC acquired a new position in shares of Founder SPAC in the 4th quarter worth approximately $2,866,000. Finally, Silver Rock Financial LP acquired a new position in shares of Founder SPAC in the 4th quarter worth approximately $2,869,000.

Founder SPAC Company Profile

(Get Rating)

Founder SPAC does not have significant operations. The company focuses on effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Founder SPAC was incorporated in 2021 and is based in Potomac, Maryland.

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