Patria Latin American Opportunity Acquisition (NASDAQ:PLAO) Stock Price Up 0.9% – Here’s What Happened

Shares of Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO) were up 0.9% on Thursday . The company traded as high as $11.84 and last traded at $11.85. Approximately 421 shares traded hands during trading, an increase of 501% from the average daily volume of 70 shares. The stock had previously closed at $11.75.

Patria Latin American Opportunity Acquisition Stock Performance

The stock’s 50-day simple moving average is $11.66 and its two-hundred day simple moving average is $11.62.

Institutional Trading of Patria Latin American Opportunity Acquisition

Large investors have recently made changes to their positions in the stock. Spartan Fund Management Inc. purchased a new stake in shares of Patria Latin American Opportunity Acquisition during the third quarter valued at $49,000. Crossingbridge Advisors LLC purchased a new stake in shares of Patria Latin American Opportunity Acquisition during the third quarter valued at $2,546,000. Mizuho Securities USA LLC boosted its stake in shares of Patria Latin American Opportunity Acquisition by 254.1% during the third quarter. Mizuho Securities USA LLC now owns 363,302 shares of the company’s stock valued at $4,196,000 after purchasing an additional 260,697 shares during the period. Finally, Wolverine Asset Management LLC boosted its stake in shares of Patria Latin American Opportunity Acquisition by 35.6% during the third quarter. Wolverine Asset Management LLC now owns 405,308 shares of the company’s stock valued at $4,706,000 after purchasing an additional 106,301 shares during the period. 72.25% of the stock is owned by hedge funds and other institutional investors.

Patria Latin American Opportunity Acquisition Company Profile

Patria Latin American Opportunity Acquisition Corp. 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. It intends to focus its search on companies in the healthcare, food and beverage, logistics, agribusiness, education, and financial services sectors primarily in Latin America.