Oak Woods Acquisition (NASDAQ:OAKU) Trading Up 1.4% – Should You Buy?

Oak Woods Acquisition Corporation (NASDAQ:OAKU) rose 1.4% on Tuesday . The stock traded as high as $12.75 and last traded at $12.28. Approximately 533 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 632 shares. The stock had previously closed at $12.11.

Analysts Set New Price Targets

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

Oak Woods Acquisition Stock Performance

The firm’s 50 day simple moving average is $12.17 and its 200 day simple moving average is $11.97.

Institutional Trading of Oak Woods Acquisition

Institutional investors have recently made changes to their positions in the stock. Wolverine Asset Management LLC raised 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 valued at $3,981,000 after buying an additional 27,237 shares during the last quarter. Warberg Asset Management LLC raised its position 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 valued at $485,000 after purchasing an additional 1,514 shares during the last quarter. Clear Street LLC increased its stake in shares of Oak Woods Acquisition by 118.2% during the second quarter. Clear Street LLC now owns 5,818 shares of the company’s stock valued at $68,000 after buying an additional 3,152 shares during the period. Crossingbridge Advisors LLC raised its holdings in shares of Oak Woods Acquisition by 7,223.7% during the third quarter. Crossingbridge Advisors LLC now owns 112,638 shares of the company’s stock valued at $1,356,000 after acquiring an additional 111,100 shares in the last quarter. Finally, Clear Street Group Inc. purchased a new stake in Oak Woods Acquisition in the third quarter worth $176,000. 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.