Walleye Capital LLC acquired a new position in shares of Redwoods Acquisition Corp. (NASDAQ:RWODU – Get Rating) in the 1st quarter, Holdings Channel.com reports. The firm acquired 48,000 shares of the company’s stock, valued at approximately $481,000.
Several other hedge funds also recently made changes to their positions in RWODU. Spring Creek Capital LLC bought a new position in shares of Redwoods Acquisition during the first quarter worth approximately $4,012,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Redwoods Acquisition during the first quarter worth approximately $1,003,000. Spartan Fund Management Inc. bought a new position in Redwoods Acquisition in the first quarter valued at approximately $502,000. Finally, Gabelli Funds LLC bought a new position in Redwoods Acquisition in the first quarter valued at approximately $251,000.
Redwoods Acquisition Stock Performance
Shares of NASDAQ:RWODU opened at $9.99 on Friday. The company has a 50 day moving average price of $10.01. Redwoods Acquisition Corp. has a 1 year low of $9.02 and a 1 year high of $10.64.
Redwoods Acquisition Profile
Redwoods Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. In intends to focus on businesses in the carbon neutral and energy storage industries.
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