StoneBridge Acquisition (NASDAQ:APAC) Shares Up 43%

StoneBridge Acquisition Co. (NASDAQ:APAC) traded up 43% during mid-day trading on Monday . The stock traded as high as $12.97 and last traded at $11.70. 115,600 shares traded hands during mid-day trading, an increase of 405% from the average session volume of 22,909 shares. The stock had previously closed at $8.18.

StoneBridge Acquisition Stock Performance

The stock’s 50 day moving average price is $9.65 and its two-hundred day moving average price is $10.52.

Insider Activity at StoneBridge Acquisition

In other StoneBridge Acquisition news, CFO Prabhu Antony bought 230 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was purchased at an average cost of $1,725.00 per share, for a total transaction of $396,750.00. Following the completion of the purchase, the chief financial officer now owns 230 shares of the company’s stock, valued at approximately $396,750. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Prabhu Antony acquired 230 shares of StoneBridge Acquisition stock in a transaction on Tuesday, March 12th. The shares were bought at an average price of $1,725.00 per share, for a total transaction of $396,750.00. Following the completion of the purchase, the chief financial officer now directly owns 230 shares in the company, valued at approximately $396,750. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Bhargava Marepally acquired 110 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were acquired at an average price of $900.00 per share, for a total transaction of $99,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 110 shares in the company, valued at $99,000. The disclosure for this purchase can be found here. Corporate insiders own 67.30% of the company’s stock.

Hedge Funds Weigh In On StoneBridge Acquisition

A hedge fund recently raised its stake in StoneBridge Acquisition stock. Mizuho Securities USA LLC grew its position in StoneBridge Acquisition Co. (NASDAQ:APAC) by 68.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 168,155 shares of the company’s stock after purchasing an additional 68,155 shares during the period. Mizuho Securities USA LLC owned approximately 2.26% of StoneBridge Acquisition worth $1,824,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 19.18% of the company’s stock.

StoneBridge Acquisition Company Profile

StoneBridge Acquisition Corporation does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar Business Combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.