Aries I Acquisition (NASDAQ:RAMMU) Trading Down 0.6%

Aries I Acquisition Co. (NASDAQ:RAMMUGet Rating)’s share price dropped 0.6% on Thursday . The stock traded as low as $10.14 and last traded at $10.14. Approximately 200 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 3,827 shares. The stock had previously closed at $10.20.

Aries I Acquisition Stock Performance

The firm has a 50 day simple moving average of $10.35 and a 200-day simple moving average of $10.28.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Aries I Acquisition stock. UBS Group AG raised its position in shares of Aries I Acquisition Co. (NASDAQ:RAMMUGet Rating) by 204.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,936 shares of the company’s stock after buying an additional 1,972 shares during the period. UBS Group AG’s holdings in Aries I Acquisition were worth $30,000 as of its most recent filing with the Securities & Exchange Commission.

Aries I Acquisition Company Profile

(Get Rating)

Aries I Acquisition Corporation does not have significant operations. It intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Grand Cayman, the Cayman Islands.

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