Aparadise Acquisition (NASDAQ:APADU) Trading Down 0.4% – Here’s Why

Aparadise Acquisition Corp. (NASDAQ:APADU)’s share price traded down 0.4% during trading on Tuesday . The stock traded as low as $10.27 and last traded at $10.27. 1,000 shares were traded during trading, an increase of 33% from the average session volume of 750 shares. The stock had previously closed at $10.31.

Aparadise Acquisition Price Performance

The firm has a fifty day simple moving average of $10.29.

Institutional Investors Weigh In On Aparadise Acquisition

Several large investors have recently made changes to their positions in APADU. JPMorgan Chase & Co. bought a new position in Aparadise Acquisition during the third quarter valued at approximately $549,000. BCK Capital Management LP acquired a new position in Aparadise Acquisition during the third quarter worth $231,000. Picton Mahoney Asset Management acquired a new stake in shares of Aparadise Acquisition in the third quarter worth about $998,000. ATW Spac Management LLC acquired a new position in shares of Aparadise Acquisition during the 3rd quarter valued at about $1,248,000. Finally, Magnetar Financial LLC bought a new position in shares of Aparadise Acquisition in the 3rd quarter valued at approximately $7,984,000.

Aparadise Acquisition Company Profile

Aparadise Acquisition Corp. (NASDAQ: APADU) is a special purpose acquisition company formed under Delaware law. The company completed its initial public offering in 2021, raising funds to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more target companies. As a blank check company, APADU’s primary objective is to identify and acquire a private operating business and bring it to the public markets through a business combination transaction.

Following its IPO, the proceeds from APADU’s offering were placed in a trust account and invested in U.S.