Magnum Opus Acquisition Limited (NYSE:OPA – Get Free Report)’s stock price shot up 0.1% on Monday . The company traded as high as $10.67 and last traded at $10.67. 500 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 63,329 shares. The stock had previously closed at $10.66.
Magnum Opus Acquisition Stock Performance
The stock’s 50-day moving average price is $10.65 and its two-hundred day moving average price is $10.51. The stock has a market capitalization of $123.72 million and a PE ratio of 17.49.
Institutional Trading of Magnum Opus Acquisition
Institutional investors have recently bought and sold shares of the company. XTX Topco Ltd boosted its holdings in shares of Magnum Opus Acquisition by 27.9% during the 2nd quarter. XTX Topco Ltd now owns 13,222 shares of the company’s stock valued at $138,000 after acquiring an additional 2,888 shares during the last quarter. Graham Capital Wealth Management LLC lifted its stake in shares of Magnum Opus Acquisition by 61.8% in the 2nd quarter. Graham Capital Wealth Management LLC now owns 10,370 shares of the company’s stock worth $108,000 after purchasing an additional 3,962 shares during the period. Spartan Fund Management Inc. bought a new position in shares of Magnum Opus Acquisition in the 2nd quarter worth approximately $3,138,000. Boothbay Fund Management LLC bought a new stake in Magnum Opus Acquisition during the 4th quarter worth approximately $159,000. Finally, Verition Fund Management LLC bought a new stake in Magnum Opus Acquisition during the 2nd quarter worth approximately $171,000. 50.05% of the stock is owned by hedge funds and other institutional investors.
About Magnum Opus Acquisition
Magnum Opus Acquisition Limited does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses. Magnum Opus Acquisition Limited was incorporated in 2021 and is based in Central, Hong Kong.
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