Oak Woods Acquisition (NASDAQ:OAKU) Trading 1.5% Higher – Should You Buy?

Oak Woods Acquisition Co. (NASDAQ:OAKUGet Free Report)’s share price shot up 1.5% during trading on Monday . The stock traded as high as $11.66 and last traded at $11.81. 3,058 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 30,213 shares. The stock had previously closed at $11.63.

Oak Woods Acquisition Stock Performance

The company has a 50-day moving average of $11.59 and a two-hundred day moving average of $11.41.

Institutional Investors Weigh In On Oak Woods Acquisition

Several hedge funds have recently modified their holdings of OAKU. Spartan Fund Management Inc. acquired a new position in Oak Woods Acquisition during the fourth quarter worth approximately $37,000. Boothbay Fund Management LLC purchased a new stake in shares of Oak Woods Acquisition during the 4th quarter valued at $285,000. BCK Capital Management LP acquired a new stake in shares of Oak Woods Acquisition during the 4th quarter worth $421,000. SkyView Investment Advisors LLC purchased a new position in shares of Oak Woods Acquisition in the 3rd quarter worth $445,000. Finally, Quarry LP boosted its holdings in Oak Woods Acquisition by 100.3% in the fourth quarter. Quarry LP now owns 73,900 shares of the company’s stock valued at $839,000 after acquiring an additional 37,000 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Oak Woods Acquisition Company Profile

(Get Free Report)

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.

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