Shares of Canna-Global Acquisition Corp (NASDAQ:CNGL – Get Free Report) rose 1.2% during mid-day trading on Tuesday . The company traded as high as $11.15 and last traded at $11.15. Approximately 2,394 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 13,337 shares. The stock had previously closed at $11.02.
Canna-Global Acquisition Price Performance
The business’s 50-day simple moving average is $11.09 and its 200-day simple moving average is $10.96.
Hedge Funds Weigh In On Canna-Global Acquisition
A number of hedge funds have recently modified their holdings of CNGL. BCK Capital Management LP purchased a new position in shares of Canna-Global Acquisition during the third quarter valued at about $258,000. Crystalline Management Inc. purchased a new position in shares of Canna-Global Acquisition during the fourth quarter valued at about $546,000. Wolverine Asset Management LLC increased its position in shares of Canna-Global Acquisition by 20.1% during the fourth quarter. Wolverine Asset Management LLC now owns 155,054 shares of the company’s stock valued at $1,687,000 after buying an additional 26,002 shares during the period. Mizuho Securities USA LLC purchased a new position in shares of Canna-Global Acquisition during the fourth quarter valued at about $1,690,000. Finally, Periscope Capital Inc. increased its position in shares of Canna-Global Acquisition by 51.1% during the third quarter. Periscope Capital Inc. now owns 223,545 shares of the company’s stock valued at $2,414,000 after buying an additional 75,631 shares during the period. Hedge funds and other institutional investors own 19.55% of the company’s stock.
About Canna-Global Acquisition
Canna-Global Acquisition Corp does not have significant operations. It intends to acquire and engage in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all the assets of, entering into contractual arrangements with, or in any other similar business combination with one or more businesses or entities.
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