Oak Woods Acquisition (NASDAQ:OAKU) Trading Down 4.7% – Here’s Why

Oak Woods Acquisition Corporation (NASDAQ:OAKU) shares were down 4.7% during mid-day trading on Thursday . The stock traded as low as $12.20 and last traded at $12.15. Approximately 156,203 shares were traded during trading, an increase of 4,295% from the average daily volume of 3,554 shares. The stock had previously closed at $12.75.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Oak Woods Acquisition in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Oak Woods Acquisition Trading Down 4.7%

The company has a 50 day moving average of $12.01 and a 200-day moving average of $11.89.

Institutional Investors Weigh In On Oak Woods Acquisition

Several large investors have recently bought and sold shares of the stock. Warberg Asset Management LLC increased its holdings in Oak Woods Acquisition by 3.8% during the 2nd quarter. Warberg Asset Management LLC now owns 41,426 shares of the company’s stock worth $485,000 after purchasing an additional 1,514 shares during the period. Clear Street LLC increased its holdings in Oak Woods Acquisition by 118.2% during the 2nd quarter. Clear Street LLC now owns 5,818 shares of the company’s stock worth $68,000 after purchasing an additional 3,152 shares during the period. Wolverine Asset Management LLC increased its holdings in Oak Woods Acquisition by 8.8% during the 2nd quarter. Wolverine Asset Management LLC now owns 336,511 shares of the company’s stock worth $3,981,000 after purchasing an additional 27,237 shares during the period. Finally, Tabor Asset Management LP purchased a new stake in Oak Woods Acquisition during the 1st quarter worth about $1,402,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

About Oak Woods Acquisition

Oak Woods Acquisition Corporation does not have significant operations. It focuses on entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other business combination with one or more businesses. The company intends to focus on businesses that operate in the public and private healthcare, medical services, and technology-enabled healthcare services sectors, as well as enterprise services, artificial intelligence, culture and media, computer and internet technologies, new consumer brands, blockchain, and other areas in the Asia-pacific region.