Gores Technology Partners II (NASDAQ:GTPB) Sets New 1-Year High at $9.98

Gores Technology Partners II, Inc. (NASDAQ:GTPBGet Rating) reached a new 52-week high on Wednesday . The company traded as high as $9.98 and last traded at $9.98, with a volume of 1918 shares changing hands. The stock had previously closed at $9.96.

Gores Technology Partners II Trading Up 0.2 %

The stock’s 50-day simple moving average is $9.89 and its 200 day simple moving average is $9.83.

Institutional Trading of Gores Technology Partners II

A number of institutional investors have recently bought and sold shares of GTPB. Lynwood Capital Management Inc. bought a new stake in Gores Technology Partners II during the first quarter valued at $98,000. Cheyne Capital Management UK LLP bought a new stake in Gores Technology Partners II during the first quarter valued at $489,000. JPMorgan Chase & Co. boosted its position in Gores Technology Partners II by 904.1% during the first quarter. JPMorgan Chase & Co. now owns 1,004,092 shares of the company’s stock valued at $9,820,000 after acquiring an additional 904,092 shares during the last quarter. Highbridge Capital Management LLC boosted its position in Gores Technology Partners II by 15.9% during the first quarter. Highbridge Capital Management LLC now owns 1,264,188 shares of the company’s stock valued at $12,364,000 after acquiring an additional 173,383 shares during the last quarter. Finally, Picton Mahoney Asset Management boosted its position in Gores Technology Partners II by 333.3% during the first quarter. Picton Mahoney Asset Management now owns 650,000 shares of the company’s stock valued at $6,357,000 after acquiring an additional 500,000 shares during the last quarter. Institutional investors own 69.83% of the company’s stock.

Gores Technology Partners II Company Profile

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Gores Technology Partners II, Inc, does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was inception in 2020 and is based in Boulder, Colorado.

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