Live Oak Acquisition Corp. V (NASDAQ:LOKVU) Shares Up 0.5% – What’s Next?

Live Oak Acquisition Corp. V (NASDAQ:LOKVU) shot up 0.5% on Friday . The stock traded as high as $10.80 and last traded at $10.80. 1,300 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 27,698 shares. The stock had previously closed at $10.75.

Live Oak Acquisition Corp. V Stock Performance

The company has a 50-day moving average of $10.69 and a 200 day moving average of $10.68.

Hedge Funds Weigh In On Live Oak Acquisition Corp. V

A hedge fund recently bought a new stake in Live Oak Acquisition Corp. V stock. Millennium Management LLC purchased a new position in shares of Live Oak Acquisition Corp. V (NASDAQ:LOKVU) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 800,000 shares of the company’s stock, valued at approximately $8,064,000.

About Live Oak Acquisition Corp. V

Live Oak Acquisition Corp. V is a Delaware‐incorporated special purpose acquisition company (SPAC) backed by Live Oak Management Partners V, a privately held investment firm. As a blank‐check issuer, the company’s core mission is to identify and merge with one or more operating businesses, providing them with access to capital markets and strategic resources. Since its formation in 2021, Live Oak Acquisition Corp. V has been focused on sourcing acquisition opportunities that align with its sponsor’s proven track record of supporting growth‐oriented companies.

The company targets businesses in North America, with particular emphasis on technology‐enabled services such as financial technology, business process outsourcing and other high‐growth sectors.