Valuence Merger Corp. I (NASDAQ:VMCA) Shares Up 1.7% – What’s Next?

Valuence Merger Corp. I (NASDAQ:VMCA) shares rose 1.7% during mid-day trading on Friday . The stock traded as high as $12.40 and last traded at $12.40. 100 shares traded hands during trading, a decline of 99% from the average session volume of 11,585 shares. The stock had previously closed at $12.19.

Valuence Merger Corp. I Stock Performance

The firm has a market cap of $91.39 million, a price-to-earnings ratio of 77.50 and a beta of 0.01. The stock’s 50 day simple moving average is $12.08 and its 200-day simple moving average is $11.83.

Hedge Funds Weigh In On Valuence Merger Corp. I

Hedge funds have recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in shares of Valuence Merger Corp. I in the 4th quarter valued at $220,000. Boothbay Fund Management LLC acquired a new position in shares of Valuence Merger Corp. I in the fourth quarter valued at about $685,000. Toronto Dominion Bank acquired a new position in shares of Valuence Merger Corp. I in the fourth quarter valued at about $835,000. Mizuho Securities USA LLC acquired a new position in shares of Valuence Merger Corp. I in the first quarter valued at about $1,897,000. Finally, Berkley W R Corp increased its holdings in shares of Valuence Merger Corp. I by 162.5% in the fourth quarter. Berkley W R Corp now owns 261,289 shares of the company’s stock valued at $3,010,000 after purchasing an additional 161,766 shares during the period. 52.21% of the stock is owned by institutional investors and hedge funds.

Valuence Merger Corp. I Company Profile

Valuence Merger Corp. I 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 or entities in developing breakthrough technology in life sciences and/or advancing a platform for sustainable technology in Asia.