Mars Acquisition (NASDAQ:MARX) Shares Up 0.6% – What’s Next?

Mars Acquisition Corp. (NASDAQ:MARX) shot up 0.6% on Monday . The company traded as high as $11.12 and last traded at $11.12. 419 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 39,868 shares. The stock had previously closed at $11.05.

Mars Acquisition Stock Up 0.6 %

The business has a 50 day simple moving average of $11.03 and a two-hundred day simple moving average of $10.92.

Hedge Funds Weigh In On Mars Acquisition

Several institutional investors have recently modified their holdings of MARX. Wolverine Asset Management LLC bought a new position in shares of Mars Acquisition during the 3rd quarter valued at about $1,378,000. Walleye Trading LLC bought a new position in shares of Mars Acquisition during the 1st quarter valued at about $768,000. Berkley W R Corp increased its position in shares of Mars Acquisition by 17.2% during the 2nd quarter. Berkley W R Corp now owns 338,786 shares of the company’s stock valued at $3,693,000 after purchasing an additional 49,690 shares during the last quarter. Finally, Cowen AND Company LLC increased its position in shares of Mars Acquisition by 13.8% during the 2nd quarter. Cowen AND Company LLC now owns 290,545 shares of the company’s stock valued at $3,167,000 after purchasing an additional 35,185 shares during the last quarter. 74.04% of the stock is currently owned by institutional investors.

Mars Acquisition Company Profile

Mars Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. It intends to focus on opportunities in cryptocurrency and blockchain, automobiles, healthcare, financial technology, cyber security, cleantech, software, Internet and artificial intelligence, specialty manufacturing, and other related technology innovations market.