APx Acquisition Corp. I (NASDAQ:APXI) Trading 0.5% Higher – Time to Buy?

APx Acquisition Corp. I (NASDAQ:APXI)’s stock price rose 0.5% during trading on Friday . The company traded as high as $11.80 and last traded at $11.78. Approximately 13,638 shares changed hands during trading, a decline of 33% from the average daily volume of 20,370 shares. The stock had previously closed at $11.72.

APx Acquisition Corp. I Stock Performance

The business’s 50-day moving average is $11.67 and its 200 day moving average is $11.58.

Institutional Investors Weigh In On APx Acquisition Corp. I

Large investors have recently bought and sold shares of the company. Logan Stone Capital LLC acquired a new stake in APx Acquisition Corp. I during the second quarter worth about $2,925,000. Berkley W R Corp boosted its position in APx Acquisition Corp. I by 45.7% during the 2nd quarter. Berkley W R Corp now owns 575,378 shares of the company’s stock worth $6,680,000 after buying an additional 180,499 shares during the period. Clear Street LLC acquired a new position in shares of APx Acquisition Corp. I in the 2nd quarter worth approximately $78,000. Periscope Capital Inc. lifted its position in shares of APx Acquisition Corp. I by 79.5% in the 1st quarter. Periscope Capital Inc. now owns 358,990 shares of the company’s stock worth $4,103,000 after purchasing an additional 158,990 shares during the period. Finally, Mizuho Securities USA LLC lifted its position in shares of APx Acquisition Corp. I by 17.2% in the 1st quarter. Mizuho Securities USA LLC now owns 695,777 shares of the company’s stock worth $7,883,000 after purchasing an additional 101,887 shares during the period. 51.82% of the stock is currently owned by institutional investors and hedge funds.

About APx Acquisition Corp. I

APx Acquisition Corp. I. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. APx Acquisition Corp. I. was incorporated in 2021 and is based in Mexico City, Mexico.