Figure Acquisition Corp. I (NYSE:FACA) Stock Price Down 0.1%

Figure Acquisition Corp. I (NYSE:FACAGet Rating) shares were down 0.1% during mid-day trading on Friday . The stock traded as low as $9.83 and last traded at $9.83. Approximately 3,295 shares changed hands during trading, a decline of 95% from the average daily volume of 68,184 shares. The stock had previously closed at $9.84.

Figure Acquisition Corp. I Trading Down 0.1 %

The firm has a 50-day moving average of $9.84 and a 200 day moving average of $9.81.

Institutional Investors Weigh In On Figure Acquisition Corp. I

A number of institutional investors and hedge funds have recently made changes to their positions in FACA. Captrust Financial Advisors bought a new stake in shares of Figure Acquisition Corp. I in the 1st quarter valued at about $97,000. Centiva Capital LP bought a new stake in Figure Acquisition Corp. I in the second quarter valued at approximately $124,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Figure Acquisition Corp. I in the second quarter valued at approximately $137,000. OLD Mission Capital LLC acquired a new position in shares of Figure Acquisition Corp. I during the 2nd quarter worth approximately $453,000. Finally, Saba Capital Management L.P. acquired a new position in shares of Figure Acquisition Corp. I during the 1st quarter worth approximately $489,000. Institutional investors own 53.44% of the company’s stock.

About Figure Acquisition Corp. I

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Figure Acquisition Corp. I does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination in the financial technology and financial services sector. The company was incorporated in 2020 and is based in San Francisco, California.

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