Gores Holdings X (NASDAQ:GTENU) Trading Down 0.1% – Here’s What Happened

Gores Holdings X, Inc. (NASDAQ:GTENU) shares traded down 0.1% on Monday . The company traded as low as $10.27 and last traded at $10.47. 28,154 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 93,509 shares. The stock had previously closed at $10.48.

Gores Holdings X Trading Down 0.1%

The company’s 50-day moving average price is $10.50 and its 200-day moving average price is $10.47.

Institutional Trading of Gores Holdings X

Hedge funds and other institutional investors have recently modified their holdings of the company. Clear Street Group Inc. acquired a new position in shares of Gores Holdings X during the third quarter worth about $366,000. Moore Capital Management LP bought a new stake in Gores Holdings X in the 2nd quarter valued at approximately $12,728,000. LMR Partners LLP acquired a new position in Gores Holdings X during the 2nd quarter worth approximately $7,273,000. AQR Arbitrage LLC acquired a new position in Gores Holdings X during the 2nd quarter worth approximately $15,585,000. Finally, Clear Street LLC bought a new position in shares of Gores Holdings X during the 2nd quarter worth approximately $745,000.

Gores Holdings X Company Profile

Gores Holdings X, Inc is a special purpose acquisition company (SPAC) incorporated as an exempted Cayman Islands company, formed to effect a merger, share exchange, asset acquisition, share purchase, recapitalization or similar business combination with one or more businesses. The company completed its initial public offering in 2021, raising capital through the sale of units that each consist of one Class A ordinary share and one-half redeemable warrant. Gores Holdings X’s units trade under the ticker GTENU on the Nasdaq Global Market.

The company does not engage in any commercial operations of its own.