CONX Corp. (OTCMKTS:CONXU – Get Rating)’s stock price was up 0.1% during mid-day trading on Tuesday . The company traded as high as $9.97 and last traded at $9.97. Approximately 966 shares traded hands during trading, a decline of 89% from the average daily volume of 8,594 shares. The stock had previously closed at $9.96.
The stock has a 50-day moving average of $9.95 and a 200-day moving average of $9.97.
A hedge fund recently raised its stake in CONX stock. M&T Bank Corp raised its holdings in CONX Corp. (OTCMKTS:CONXU – Get Rating) by 8.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,255 shares of the company’s stock after purchasing an additional 1,089 shares during the quarter. M&T Bank Corp’s holdings in CONX were worth $143,000 as of its most recent SEC filing.
CONX Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to focus its search on identifying a prospective target operating in the technology, media, and telecommunications industries, including wireless communications industry.
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