Burtech Acquisition (NASDAQ:BRKHU) Stock Price Up 1% – What’s Next?

Burtech Acquisition Corp. (NASDAQ:BRKHU)’s stock price rose 1% during trading on Tuesday . The stock traded as high as $11.60 and last traded at $11.60. Approximately 208 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 1,507 shares. The stock had previously closed at $11.49.

Burtech Acquisition Price Performance

The business’s 50 day moving average is $11.76 and its 200 day moving average is $11.74.

Institutional Trading of Burtech Acquisition

A hedge fund recently raised its stake in Burtech Acquisition stock. Clear Street LLC grew its position in shares of Burtech Acquisition Corp. (NASDAQ:BRKHU) by 92.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,900 shares of the company’s stock after buying an additional 2,354 shares during the quarter. Clear Street LLC’s holdings in Burtech Acquisition were worth $56,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Burtech Acquisition Company Profile

Burtech Acquisition Corp. does not have significant operations. The company focuses to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire a business, which operates in the retail, lifestyle, hospitality, technology, and real estate markets.