Fortune Rise Acquisition (NASDAQ:FRLA) Trading Up 0.1%

Fortune Rise Acquisition Co. (NASDAQ:FRLA) shares were up 0.1% during trading on Thursday . The stock traded as high as $11.17 and last traded at $11.17. Approximately 124 shares changed hands during trading, a decline of 100% from the average daily volume of 71,364 shares. The stock had previously closed at $11.16.

Fortune Rise Acquisition Stock Performance

The company’s 50 day moving average price is $11.13 and its 200 day moving average price is $11.04.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Cowen AND Company LLC acquired a new position in Fortune Rise Acquisition in the 3rd quarter valued at $798,000. K2 Principal Fund L.P. acquired a new position in Fortune Rise Acquisition in the 3rd quarter valued at $357,000. Mizuho Securities USA LLC acquired a new position in Fortune Rise Acquisition in the 3rd quarter valued at $1,171,000. Quarry LP acquired a new position in Fortune Rise Acquisition in the 4th quarter valued at $1,646,000. Finally, Clear Street LLC grew its stake in Fortune Rise Acquisition by 2.6% in the 4th quarter. Clear Street LLC now owns 129,550 shares of the company’s stock valued at $1,420,000 after buying an additional 3,323 shares during the last quarter. Institutional investors and hedge funds own 52.89% of the company’s stock.

Fortune Rise Acquisition Company Profile

Fortune Rise Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Clearwater, Florida.