RMG Acquisition Corp. III (NASDAQ:RMGC) Shares Down 2.3%

RMG Acquisition Corp. III (NASDAQ:RMGC) fell 2.3% during mid-day trading on Tuesday . The stock traded as low as $9.75 and last traded at $9.75. 217 shares traded hands during trading, a decline of 97% from the average session volume of 6,743 shares. The stock had previously closed at $9.98.

RMG Acquisition Corp. III Trading Down 2.3 %

The firm’s fifty day moving average is $9.99 and its 200-day moving average is $10.31.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in RMG Acquisition Corp. III during the fourth quarter worth about $407,000. Cowen AND Company LLC increased its holdings in RMG Acquisition Corp. III by 11.1% in the third quarter. Cowen AND Company LLC now owns 38,885 shares of the company’s stock valued at $410,000 after buying an additional 3,885 shares in the last quarter. Finally, Meteora Capital LLC purchased a new position in RMG Acquisition Corp. III in the third quarter valued at about $173,000. 4.15% of the stock is owned by hedge funds and other institutional investors.

RMG Acquisition Corp. III Company Profile

RMG Acquisition Corp. III does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. RMG Acquisition Corp. III was incorporated in 2020 and is based in Miami Beach, Florida.