Cactus Acquisition Corp. 1 (NASDAQ:CCTS) Trading Up 0.3% – What’s Next?

Cactus Acquisition Corp. 1 Limited (NASDAQ:CCTS)’s stock price rose 0.3% during trading on Thursday . The company traded as high as $11.56 and last traded at $11.56. Approximately 1,302 shares traded hands during trading, a decline of 82% from the average daily volume of 7,279 shares. The stock had previously closed at $11.52.

Cactus Acquisition Corp. 1 Trading Up 0.3 %

The firm has a 50-day simple moving average of $11.47 and a two-hundred day simple moving average of $11.43.

Insider Activity at Cactus Acquisition Corp. 1

In other news, Director Jeff Leblanc bought 100,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was purchased at an average price of $0.50 per share, with a total value of $50,000.00. Following the purchase, the director now owns 135,000 shares of the company’s stock, valued at $67,500. This trade represents a 200.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 58.30% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Cactus Acquisition Corp. 1 stock. Berkley W R Corp raised its stake in shares of Cactus Acquisition Corp. 1 Limited (NASDAQ:CCTS) by 18.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 173,198 shares of the company’s stock after purchasing an additional 27,158 shares during the period. Berkley W R Corp owned 3.41% of Cactus Acquisition Corp. 1 worth $1,962,000 at the end of the most recent reporting period. 86.36% of the stock is currently owned by institutional investors.

Cactus Acquisition Corp. 1 Company Profile

Cactus Acquisition Corp. 1 Limited 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 in the emerging technology sector. The company was incorporated in 2021 and is based in Cranbury, New Jersey.