M3-Brigade Acquisition II (NYSE:MBAC) Trading 0.1% Higher

Shares of M3-Brigade Acquisition II Corp. (NYSE:MBAC) were up 0.1% during mid-day trading on Monday . The company traded as high as $10.43 and last traded at $10.40. Approximately 6,922 shares changed hands during trading, a decline of 92% from the average daily volume of 87,591 shares. The stock had previously closed at $10.39.

M3-Brigade Acquisition II Stock Performance

The company has a fifty day simple moving average of $10.32 and a 200-day simple moving average of $10.17.

Institutional Investors Weigh In On M3-Brigade Acquisition II

A number of large investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC bought a new position in M3-Brigade Acquisition II in the first quarter worth $8,780,000. Exos TFP Holdings LLC bought a new position in M3-Brigade Acquisition II in the fourth quarter valued at about $6,751,000. Sandia Investment Management LP bought a new position in M3-Brigade Acquisition II in the first quarter valued at about $3,972,000. RPO LLC boosted its holdings in M3-Brigade Acquisition II by 107.3% during the fourth quarter. RPO LLC now owns 464,491 shares of the company’s stock worth $4,654,000 after buying an additional 240,394 shares during the last quarter. Finally, Boothbay Fund Management LLC bought a new position in M3-Brigade Acquisition II during the fourth quarter worth about $2,254,000. Institutional investors own 29.90% of the company’s stock.

About M3-Brigade Acquisition II

M3-Brigade Acquisition II Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.