Oak Woods Acquisition (NASDAQ:OAKU) Trading 0.2% Higher – Here’s What Happened

Shares of Oak Woods Acquisition Co. (NASDAQ:OAKU) traded up 0.2% on Friday . The company traded as high as $11.37 and last traded at $11.37. 402 shares changed hands during trading, a decline of 99% from the average session volume of 62,101 shares. The stock had previously closed at $11.35.

Oak Woods Acquisition Stock Performance

The firm has a 50 day moving average of $11.31 and a 200-day moving average of $11.11.

Insider Activity

In other news, major shareholder Mizuho Securities Usa Llc sold 74,000 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $11.18, for a total transaction of $827,320.00. Following the completion of the transaction, the insider now directly owns 413,394 shares of the company’s stock, valued at approximately $4,621,744.92. This trade represents a 15.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mizuho Securities USA LLC grew its stake in shares of Oak Woods Acquisition by 151.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 487,212 shares of the company’s stock valued at $5,393,000 after purchasing an additional 293,106 shares during the period. Shaolin Capital Management LLC grew its position in Oak Woods Acquisition by 113.7% in the second quarter. Shaolin Capital Management LLC now owns 350,000 shares of the company’s stock valued at $3,808,000 after acquiring an additional 186,200 shares during the period. Walleye Capital LLC acquired a new position in Oak Woods Acquisition during the third quarter worth $710,000. SkyView Investment Advisors LLC bought a new position in shares of Oak Woods Acquisition during the third quarter valued at $445,000. Finally, Quarry LP acquired a new stake in shares of Oak Woods Acquisition in the 2nd quarter valued at $401,000. Institutional investors own 63.01% of the company’s stock.

About Oak Woods Acquisition

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.