Atlantic Coastal Acquisition Corp. (NASDAQ:ACAHU – Get Free Report) shot up 0.7% on Friday . The stock traded as high as $10.62 and last traded at $10.62. 173 shares traded hands during trading, a decline of 87% from the average session volume of 1,318 shares. The stock had previously closed at $10.55.
Atlantic Coastal Acquisition Stock Performance
The company has a 50-day moving average of $10.66 and a two-hundred day moving average of $10.45.
Hedge Funds Weigh In On Atlantic Coastal Acquisition
A hedge fund recently bought a new stake in Atlantic Coastal Acquisition stock. Cubist Systematic Strategies LLC purchased a new position in shares of Atlantic Coastal Acquisition Corp. (NASDAQ:ACAHU – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,446 shares of the company’s stock, valued at approximately $162,000.
About Atlantic Coastal Acquisition
Atlantic Coastal Acquisition Corp. 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 in mobility sector. The company was incorporated in 2020 and is based in New York, New York.
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