Oyster Enterprises II Acquisition (NASDAQ:OYSEU) Trading Down 0.7% – Here’s What Happened

Shares of Oyster Enterprises II Acquisition Corp (NASDAQ:OYSEUGet Free Report) dropped 0.7% during trading on Tuesday . The stock traded as low as $10.38 and last traded at $10.38. Approximately 40 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 124,358 shares. The stock had previously closed at $10.45.

Oyster Enterprises II Acquisition Stock Performance

The company has a 50-day moving average of $10.38 and a 200-day moving average of $10.29.

Institutional Trading of Oyster Enterprises II Acquisition

Institutional investors and hedge funds have recently made changes to their positions in the stock. Warberg Asset Management LLC acquired a new stake in shares of Oyster Enterprises II Acquisition during the second quarter valued at $101,000. Tuttle Capital Management LLC purchased a new position in Oyster Enterprises II Acquisition in the 2nd quarter valued at about $101,000. Citadel Advisors LLC acquired a new stake in shares of Oyster Enterprises II Acquisition during the 3rd quarter worth about $135,000. Wolverine Asset Management LLC acquired a new stake in shares of Oyster Enterprises II Acquisition during the 2nd quarter worth about $330,000. Finally, Clear Street Group Inc. purchased a new stake in shares of Oyster Enterprises II Acquisition during the third quarter worth about $404,000.

About Oyster Enterprises II Acquisition

(Get Free Report)

Oyster Enterprises II Acquisition (NASDAQ: OYSEU) is a special purpose acquisition company formed to effect a merger, capital stock exchange, asset acquisition, stock purchase or similar business combination with one or more operating businesses. As a blank‐check vehicle, the company was organized under the laws of the Cayman Islands with the sole purpose of identifying and completing a transaction with a target that will enhance shareholder value.

Upon its initial public offering, Oyster Enterprises II Acquisition issued units consisting of one ordinary share and one‐half warrant.

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