Genesis Growth Tech Acquisition (NASDAQ:GGAA) Stock Price Down 5.4%

Shares of Genesis Growth Tech Acquisition Corp. (NASDAQ:GGAAGet Free Report) dropped 5.4% on Tuesday . The stock traded as low as $11.72 and last traded at $11.72. Approximately 108 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 62,365 shares. The stock had previously closed at $12.39.

Genesis Growth Tech Acquisition Price Performance

The company has a fifty day simple moving average of $13.39 and a two-hundred day simple moving average of $11.92.

Institutional Investors Weigh In On Genesis Growth Tech Acquisition

Hedge funds have recently made changes to their positions in the company. State Street Corp purchased a new stake in shares of Genesis Growth Tech Acquisition in the 2nd quarter worth $108,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Genesis Growth Tech Acquisition in the 2nd quarter worth $117,000. Goldman Sachs Group Inc. purchased a new stake in shares of Genesis Growth Tech Acquisition during the 1st quarter worth $392,000. Centiva Capital LP purchased a new stake in shares of Genesis Growth Tech Acquisition during the 2nd quarter worth $680,000. Finally, Basso Capital Management L.P. purchased a new stake in shares of Genesis Growth Tech Acquisition during the 1st quarter worth $996,000. 0.02% of the stock is currently owned by hedge funds and other institutional investors.

Genesis Growth Tech Acquisition Company Profile

(Get Free Report)

Genesis Growth Tech Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus its efforts on identifying technology companies operating primarily within the consumer internet industry in Europe, Israel, the United Arab Emirates, or the United States.

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