Oak Woods Acquisition (NASDAQ:OAKU) Shares Up 0.3% – Here’s Why

Oak Woods Acquisition Corporation (NASDAQ:OAKU)’s stock price traded up 0.3% during trading on Friday . The company traded as high as $12.24 and last traded at $12.28. 10,400 shares were traded during trading, an increase of 1,776% from the average session volume of 554 shares. The stock had previously closed at $12.24.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Oak Woods Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Oak Woods Acquisition Stock Performance

The company’s 50 day moving average is $12.21 and its two-hundred day moving average is $12.12.

Institutional Investors Weigh In On Oak Woods Acquisition

A number of hedge funds have recently made changes to their positions in OAKU. Wolverine Asset Management LLC grew its holdings in Oak Woods Acquisition by 8.8% during the 2nd quarter. Wolverine Asset Management LLC now owns 336,511 shares of the company’s stock valued at $3,981,000 after buying an additional 27,237 shares in the last quarter. Westchester Capital Management LLC boosted its position in shares of Oak Woods Acquisition by 1,844.8% during the 4th quarter. Westchester Capital Management LLC now owns 163,362 shares of the company’s stock valued at $1,977,000 after acquiring an additional 154,962 shares during the last quarter. Crossingbridge Advisors LLC grew its holdings in shares of Oak Woods Acquisition by 7,223.7% in the third quarter. Crossingbridge Advisors LLC now owns 112,638 shares of the company’s stock valued at $1,356,000 after purchasing an additional 111,100 shares in the last quarter. Warberg Asset Management LLC grew its holdings in shares of Oak Woods Acquisition by 3.8% in the second quarter. Warberg Asset Management LLC now owns 41,426 shares of the company’s stock valued at $485,000 after purchasing an additional 1,514 shares in the last quarter. Finally, Toronto Dominion Bank bought a new stake in Oak Woods Acquisition in the fourth quarter worth $302,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Oak Woods Acquisition Company Profile

Oak Woods Acquisition Corp. (NASDAQ: OAKU) is a special purpose acquisition company incorporated in Delaware. Established in 2021 through an initial public offering on the Nasdaq, the company’s primary objective is to raise capital and effectuate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Oak Woods Acquisition focuses on identifying targets in digital infrastructure, next-generation computing and data-driven markets.