Onyx Acquisition Co. I (NASDAQ:ONYX) Trading 0.8% Higher – Still a Buy?

Onyx Acquisition Co. I (NASDAQ:ONYX)’s share price rose 0.8% during trading on Monday . The company traded as high as $11.44 and last traded at $11.44. Approximately 8,423 shares were traded during mid-day trading, a decline of 8% from the average daily volume of 9,118 shares. The stock had previously closed at $11.35.

Onyx Acquisition Co. I Stock Up 0.8 %

The company has a 50 day moving average price of $11.32 and a two-hundred day moving average price of $11.26.

Institutional Trading of Onyx Acquisition Co. I

Institutional investors have recently made changes to their positions in the stock. Robinson Capital Management LLC purchased a new stake in Onyx Acquisition Co. I during the 1st quarter valued at $59,000. Berkley W R Corp bought a new stake in shares of Onyx Acquisition Co. I in the second quarter worth $2,136,000. Finally, Quarry LP bought a new stake in shares of Onyx Acquisition Co. I in the second quarter worth $1,527,000. Hedge funds and other institutional investors own 23.34% of the company’s stock.

About Onyx Acquisition Co. I

Onyx Acquisition Co 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 general industrials and construction technology sectors. The company was incorporated in 2021 and is based in New York, New York.