FG Merger Corp. (NASDAQ:FGMC – Get Free Report)’s share price traded up 0.3% on Wednesday . The company traded as high as $9.73 and last traded at $9.70. 69,121 shares changed hands during trading, an increase of 54% from the average session volume of 44,755 shares. The stock had previously closed at $9.67.
FG Merger Stock Performance
The business’s fifty day moving average price is $9.61 and its two-hundred day moving average price is $5.30.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of FGMC. Warberg Asset Management LLC bought a new stake in shares of FG Merger during the 1st quarter worth $144,000. ATW Spac Management LLC bought a new stake in shares of FG Merger during the 1st quarter worth $977,000. Virtu Financial LLC bought a new stake in shares of FG Merger during the 1st quarter worth $1,366,000. Finally, Westchester Capital Management LLC bought a new stake in shares of FG Merger during the 1st quarter worth $2,874,000.
FG Merger Company Profile
FG Merger II Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on September 20, 2023 and is headquartered in Itasca, IL.
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