Denali Capital Acquisition Corp. (NASDAQ:DECA – Get Free Report) shares traded down 5.8% on Wednesday . The company traded as low as $11.43 and last traded at $11.45. 3,513 shares were traded during mid-day trading, a decline of 72% from the average session volume of 12,588 shares. The stock had previously closed at $12.15.
Denali Capital Acquisition Stock Down 5.8%
The stock’s 50 day moving average price is $11.73 and its 200-day moving average price is $11.83.
Institutional Trading of Denali Capital Acquisition
A hedge fund recently bought a new stake in Denali Capital Acquisition stock. Toronto Dominion Bank bought a new stake in Denali Capital Acquisition Corp. (NASDAQ:DECA – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 80,000 shares of the company’s stock, valued at approximately $947,000.
About Denali Capital Acquisition
Denali Capital Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. It intends to complete a business combination with companies primarily operating in the technology, consumer, and hospitality sectors.
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