Maxpro Capital Acquisition (NASDAQ:JMAC) Stock Price Down 10.6%

Maxpro Capital Acquisition Corp. (NASDAQ:JMAC) shares were down 10.6% during trading on Friday . The stock traded as low as $0.74 and last traded at $0.76. Approximately 3,336,426 shares traded hands during mid-day trading, an increase of 4,406% from the average daily volume of 74,040 shares. The stock had previously closed at $0.85.

Maxpro Capital Acquisition Price Performance

The stock has a fifty day moving average price of $3.12 and a two-hundred day moving average price of $4.56.

Institutional Trading of Maxpro Capital Acquisition

A number of institutional investors and hedge funds have recently modified their holdings of JMAC. Centiva Capital LP acquired a new position in shares of Maxpro Capital Acquisition in the 2nd quarter valued at about $129,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Maxpro Capital Acquisition during the 2nd quarter worth approximately $134,000. Goldman Sachs Group Inc. lifted its holdings in shares of Maxpro Capital Acquisition by 59.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 21,988 shares of the company’s stock worth $220,000 after purchasing an additional 8,189 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in Maxpro Capital Acquisition in the second quarter valued at $1,942,000. 73.18% of the stock is owned by institutional investors and hedge funds.

Maxpro Capital Acquisition Company Profile

Maxpro Capital 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. The company was incorporated in 2021 and is based in Taipei City, Taiwan.