Class Acceleration Corp. (NYSE:CLAS – Get Rating)’s stock price dropped 0.1% during mid-day trading on Monday . The stock traded as low as $9.97 and last traded at $9.97. Approximately 430 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 63,912 shares. The stock had previously closed at $9.98.
Class Acceleration Stock Down 0.1 %
The firm has a 50 day moving average price of $9.91 and a 200-day moving average price of $9.86.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Verition Fund Management LLC purchased a new position in shares of Class Acceleration in the first quarter worth about $220,000. Granby Capital Management LLC purchased a new position in Class Acceleration during the first quarter valued at approximately $245,000. OTA Financial Group L.P. raised its position in Class Acceleration by 18.6% during the second quarter. OTA Financial Group L.P. now owns 27,429 shares of the company’s stock valued at $269,000 after acquiring an additional 4,297 shares in the last quarter. Barclays PLC purchased a new position in Class Acceleration during the third quarter valued at approximately $575,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Class Acceleration during the second quarter valued at approximately $1,639,000. 66.30% of the stock is currently owned by hedge funds and other institutional investors.
About Class Acceleration
Class Acceleration Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to acquire business in digital learning industry.
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