Redwoods Acquisition (NASDAQ:RWOD) Stock Price Down 17.1%

Redwoods Acquisition Corp. (NASDAQ:RWODGet Free Report) shares were down 17.1% during trading on Tuesday . The company traded as low as $9.88 and last traded at $10.49. Approximately 5,383 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 22,321 shares. The stock had previously closed at $12.65.

Redwoods Acquisition Stock Down 17.1 %

The stock has a 50 day moving average price of $10.75 and a 200 day moving average price of $10.72.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RWOD. Deutsche Bank AG acquired a new stake in Redwoods Acquisition in the fourth quarter valued at $30,000. Meteora Capital LLC acquired a new stake in Redwoods Acquisition in the fourth quarter valued at $101,000. Cowen AND Company LLC acquired a new stake in Redwoods Acquisition in the fourth quarter valued at $160,000. Gabelli Funds LLC acquired a new stake in Redwoods Acquisition in the first quarter valued at $258,000. Finally, Warberg Asset Management LLC increased its holdings in Redwoods Acquisition by 183.3% in the third quarter. Warberg Asset Management LLC now owns 28,519 shares of the company’s stock valued at $304,000 after purchasing an additional 18,454 shares during the period. 20.07% of the stock is currently owned by institutional investors.

Redwoods Acquisition Company Profile

(Get Free Report)

Redwoods Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. In intends to focus on businesses in the carbon neutral and energy storage industries.

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