Four Leaf Acquisition (NASDAQ:FORL) Receives Sell (D+) Rating from Weiss Ratings

Four Leaf Acquisition (NASDAQ:FORL)‘s stock had its “sell (d+)” rating reiterated by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Four Leaf Acquisition Price Performance

NASDAQ:FORL opened at $12.23 on Wednesday. The stock has a 50-day simple moving average of $11.78 and a two-hundred day simple moving average of $11.55. Four Leaf Acquisition has a 52-week low of $11.00 and a 52-week high of $12.79.

Insider Buying and Selling at Four Leaf Acquisition

In other news, major shareholder Aqr Capital Management Holding sold 366,532 shares of the company’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $11.62, for a total value of $4,259,101.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought a total of 130 shares of company stock valued at $1,500 over the last three months. Corporate insiders own 33.20% of the company’s stock.

Hedge Funds Weigh In On Four Leaf Acquisition

An institutional investor recently bought a new position in Four Leaf Acquisition stock. Tabor Asset Management LP acquired a new position in Four Leaf Acquisition Corporation (NASDAQ:FORL) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 21,486 shares of the company’s stock, valued at approximately $243,000. Tabor Asset Management LP owned 0.53% of Four Leaf Acquisition as of its most recent SEC filing. 72.96% of the stock is currently owned by institutional investors.

Four Leaf Acquisition Company Profile

Four Leaf Acquisition Corporation does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to acquire the Internet of Things business.