Atlantic Avenue Acquisition Corp (NYSE:ASAQ) major shareholder Glazer Capital, Llc sold 67,357 shares of Atlantic Avenue Acquisition stock in a transaction that occurred on Friday, May 21st. The shares were sold at an average price of $10.00, for a total transaction of $673,570.00. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Glazer Capital, Llc also recently made the following trade(s):
- On Tuesday, May 4th, Glazer Capital, Llc sold 30,634 shares of Atlantic Avenue Acquisition stock. The shares were sold at an average price of $9.91, for a total transaction of $303,582.94.
ASAQ remained flat at $$9.69 on Friday. 14,446 shares of the company’s stock were exchanged, compared to its average volume of 26,253. The company has a 50-day moving average price of $9.81 and a 200-day moving average price of $9.95. Atlantic Avenue Acquisition Corp has a one year low of $9.55 and a one year high of $10.65.
Several institutional investors have recently made changes to their positions in ASAQ. UBS Group AG acquired a new position in Atlantic Avenue Acquisition in the 1st quarter worth about $52,000. Penserra Capital Management LLC purchased a new stake in shares of Atlantic Avenue Acquisition in the first quarter valued at approximately $78,000. One68 Global Capital LLC acquired a new position in shares of Atlantic Avenue Acquisition during the 4th quarter worth approximately $101,000. Warberg Asset Management LLC purchased a new position in shares of Atlantic Avenue Acquisition during the 4th quarter valued at approximately $124,000. Finally, MUFG Americas Holdings Corp acquired a new stake in Atlantic Avenue Acquisition in the 4th quarter valued at $202,000. Hedge funds and other institutional investors own 62.37% of the company’s stock.
About Atlantic Avenue Acquisition
Atlantic Avenue Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, recapitalization, or other similar business combination with one or more businesses. Atlantic Avenue Acquisition Corp was incorporated in 2020 and is based in Stamford, Connecticut.
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