Wolverine Asset Management LLC cut its holdings in McLaren Technology Acquisition Corp. (NASDAQ:MLAIU – Get Rating) by 97.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 7,185 shares of the company’s stock after selling 244,115 shares during the quarter. Wolverine Asset Management LLC’s holdings in McLaren Technology Acquisition were worth $72,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Sage Rock Capital Management LP acquired a new position in shares of McLaren Technology Acquisition during the 4th quarter valued at $187,000. Difesa Capital Management LP bought a new stake in McLaren Technology Acquisition in the fourth quarter valued at $503,000. Glazer Capital LLC acquired a new position in shares of McLaren Technology Acquisition during the fourth quarter valued at about $806,000. Centiva Capital LP acquired a new stake in shares of McLaren Technology Acquisition in the 4th quarter valued at about $1,006,000. Finally, Eisler Capital UK Ltd. acquired a new position in McLaren Technology Acquisition during the 4th quarter worth approximately $1,059,000.
McLaren Technology Acquisition Stock Performance
Shares of NASDAQ:MLAIU opened at $10.20 on Thursday. McLaren Technology Acquisition Corp. has a 52-week low of $9.91 and a 52-week high of $10.20. The business’s 50 day simple moving average is $10.03 and its two-hundred day simple moving average is $10.04.
About McLaren Technology Acquisition
McLaren Technology Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus on companies within the banking, financial services, and insurance sector that leverage artificial intelligence, machine learning, digital, technology, and fintech.
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