Fir Tree Capital Management LP acquired a new stake in Murphy Canyon Acquisition Corp. (NASDAQ:MURFU – Get Rating) in the first quarter, Holdings Channel reports. The firm acquired 700,000 shares of the company’s stock, valued at approximately $7,070,000.
Other institutional investors have also recently made changes to their positions in the company. Highbridge Capital Management LLC acquired a new position in shares of Murphy Canyon Acquisition in the first quarter valued at approximately $832,000. Mizuho Securities USA LLC acquired a new position in Murphy Canyon Acquisition during the 1st quarter worth approximately $507,000. Sage Mountain Advisors LLC acquired a new position in Murphy Canyon Acquisition during the 1st quarter worth approximately $770,000. Wealthspring Capital LLC acquired a new position in Murphy Canyon Acquisition during the 1st quarter worth approximately $690,000. Finally, Yakira Capital Management Inc. acquired a new position in Murphy Canyon Acquisition during the 1st quarter worth approximately $1,263,000.
Murphy Canyon Acquisition Stock Performance
NASDAQ MURFU opened at $10.17 on Tuesday. Murphy Canyon Acquisition Corp. has a 52 week low of $10.02 and a 52 week high of $10.55. The firm has a 50 day moving average of $10.13 and a two-hundred day moving average of $10.11.
Murphy Canyon Acquisition Company Profile
Murphy Canyon Acquisition 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. It intends to focus on identifying businesses in the real estate industry, including construction, homebuilding, real estate owners and operators, arrangers of financing, insurance, and other services for real estate, and adjacent businesses and technologies targeting the real estate space.
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