Golden Arrow Merger (NASDAQ:GAMC) Stock Price Up 2.5%

Golden Arrow Merger Corp. (NASDAQ:GAMC) shares shot up 2.5% during mid-day trading on Wednesday . The stock traded as high as $11.03 and last traded at $11.03. 242 shares were traded during mid-day trading, a decline of 87% from the average session volume of 1,912 shares. The stock had previously closed at $10.76.

Golden Arrow Merger Stock Performance

The stock has a 50-day moving average price of $10.72 and a 200 day moving average price of $10.66.

Institutional Investors Weigh In On Golden Arrow Merger

An institutional investor recently raised its position in Golden Arrow Merger stock. Clear Street LLC raised its holdings in Golden Arrow Merger Corp. (NASDAQ:GAMC) by 6,429.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,208 shares of the company’s stock after buying an additional 27,776 shares during the period. Clear Street LLC owned about 0.30% of Golden Arrow Merger worth $298,000 as of its most recent SEC filing. 5.52% of the stock is currently owned by hedge funds and other institutional investors.

About Golden Arrow Merger

Golden Arrow Merger Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on acquiring companies in the healthcare and healthcare-related infrastructure industries in the United States and other developed countries.