Golden Arrow Merger (NASDAQ:GAMC) Stock Price Up 2.5%

Golden Arrow Merger Corp. (NASDAQ:GAMC) shares traded up 2.5% during mid-day trading on Wednesday . The stock traded as high as $11.03 and last traded at $11.03. 242 shares were traded during mid-day trading, a decline of 87% from the average session volume of 1,912 shares. The stock had previously closed at $10.76.

Golden Arrow Merger Trading Up 2.5 %

The firm has a 50-day moving average of $10.72 and a two-hundred day moving average of $10.66.

Institutional Investors Weigh In On Golden Arrow Merger

A hedge fund recently raised its stake in Golden Arrow Merger stock. Clear Street LLC lifted its holdings in Golden Arrow Merger Corp. (NASDAQ:GAMC) by 6,429.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,208 shares of the company’s stock after acquiring an additional 27,776 shares during the period. Clear Street LLC owned approximately 0.30% of Golden Arrow Merger worth $298,000 as of its most recent filing with the Securities and Exchange Commission. 5.52% of the stock is owned by institutional investors and hedge funds.

Golden Arrow Merger Company Profile

Golden Arrow Merger Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on acquiring companies in the healthcare and healthcare-related infrastructure industries in the United States and other developed countries.