Oak Woods Acquisition (NASDAQ:OAKU) Shares Up 2.4% – Should You Buy?

Oak Woods Acquisition Co. (NASDAQ:OAKU) was up 2.4% during trading on Monday . The company traded as high as $11.55 and last traded at $11.83. Approximately 31 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 47,605 shares. The stock had previously closed at $11.55.

Oak Woods Acquisition Price Performance

The stock’s 50-day simple moving average is $11.48 and its 200 day simple moving average is $11.31.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Mizuho Securities USA LLC lifted its position in Oak Woods Acquisition by 151.0% in the third quarter. Mizuho Securities USA LLC now owns 487,212 shares of the company’s stock valued at $5,393,000 after buying an additional 293,106 shares during the last quarter. Wolverine Asset Management LLC lifted its position in Oak Woods Acquisition by 31.3% in the fourth quarter. Wolverine Asset Management LLC now owns 313,269 shares of the company’s stock valued at $3,556,000 after buying an additional 74,618 shares during the last quarter. Berkley W R Corp lifted its position in Oak Woods Acquisition by 8.1% in the third quarter. Berkley W R Corp now owns 300,420 shares of the company’s stock valued at $3,338,000 after buying an additional 22,424 shares during the last quarter. Toronto Dominion Bank acquired a new position in Oak Woods Acquisition in the fourth quarter valued at about $1,574,000. Finally, Quarry LP lifted its position in shares of Oak Woods Acquisition by 100.3% during the fourth quarter. Quarry LP now owns 73,900 shares of the company’s stock worth $839,000 after purchasing an additional 37,000 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Oak Woods Acquisition Company Profile

Oak Woods Acquisition Corporation does not have significant operations. It focuses on entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other business combination with one or more businesses. The company intends to focus on businesses that operate in the public and private healthcare, medical services, and technology-enabled healthcare services sectors, as well as enterprise services, artificial intelligence, culture and media, computer and internet technologies, new consumer brands, blockchain, and other areas in the Asia-pacific region.