Relativity Acquisition Corp. (NASDAQ:RACYU – Get Free Report) was down 0.1% during mid-day trading on Monday . The stock traded as low as $12.65 and last traded at $12.99. Approximately 900 shares were traded during trading, a decline of 91% from the average daily volume of 9,971 shares. The stock had previously closed at $13.00.
Relativity Acquisition Trading Down 0.1 %
The stock’s fifty day simple moving average is $12.99 and its 200 day simple moving average is $12.99.
Institutional Investors Weigh In On Relativity Acquisition
Hedge funds and other institutional investors have recently modified their holdings of the stock. Saba Capital Management L.P. bought a new stake in Relativity Acquisition during the first quarter valued at about $6,747,000. Polar Asset Management Partners Inc. bought a new position in shares of Relativity Acquisition during the 1st quarter valued at approximately $5,035,000. Radcliffe Capital Management L.P. purchased a new stake in Relativity Acquisition in the 1st quarter worth approximately $2,453,000. Rivernorth Capital Management LLC bought a new stake in Relativity Acquisition during the 1st quarter worth approximately $1,511,000. Finally, Goldman Sachs Group Inc. bought a new stake in Relativity Acquisition during the 1st quarter worth approximately $1,003,000.
About Relativity Acquisition
Relativity Acquisition Corp. does not have significant operations. It focuses on effecting a capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the cannabis industry. Relativity Acquisition Corp. was incorporated in 2021 and is based in Las Vegas, Nevada.
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