Gesher Acquisition Corp. II (NASDAQ:GSHR) Trading 0.1% Higher – Here’s What Happened

Gesher Acquisition Corp. II (NASDAQ:GSHR) shot up 0.1% during mid-day trading on Monday . The company traded as high as $10.34 and last traded at $10.35. 50,003 shares changed hands during mid-day trading, an increase of 986% from the average session volume of 4,605 shares. The stock had previously closed at $10.34.

Analyst Ratings Changes

Separately, Weiss Ratings initiated coverage on shares of Gesher Acquisition Corp. II in a research report on Tuesday, January 27th. They set a “sell (e+)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Gesher Acquisition Corp. II Stock Up 0.1%

The stock’s 50-day simple moving average is $10.35.

Institutional Investors Weigh In On Gesher Acquisition Corp. II

Several institutional investors have recently made changes to their positions in GSHR. Virtu Financial LLC bought a new stake in shares of Gesher Acquisition Corp. II in the 4th quarter valued at approximately $156,000. Meteora Capital LLC bought a new position in Gesher Acquisition Corp. II during the fourth quarter valued at approximately $437,000. Radcliffe Capital Management L.P. lifted its stake in Gesher Acquisition Corp. II by 34.6% in the fourth quarter. Radcliffe Capital Management L.P. now owns 227,045 shares of the company’s stock valued at $2,331,000 after acquiring an additional 58,339 shares during the last quarter. Glazer Capital LLC lifted its stake in Gesher Acquisition Corp. II by 12.2% in the fourth quarter. Glazer Capital LLC now owns 224,254 shares of the company’s stock valued at $2,302,000 after acquiring an additional 24,299 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Gesher Acquisition Corp. II in the fourth quarter worth approximately $4,107,000.

Gesher Acquisition Corp. II Company Profile

Gesher Acquisition Corp. II (NASDAQ: GSHR) is a special purpose acquisition company (SPAC) listed on the Nasdaq Stock Market. As a blank‑check vehicle, the company’s principal business activity is to identify, negotiate and complete a business combination with one or more operating businesses. Like other SPACs, it was created to use public capital markets as a mechanism to bring a private target company public via a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination.

Gesher Acquisition Corp.