Integrated Wellness Acquisition (NYSE:WEL) Stock Price Down 0.8% – What’s Next?

Integrated Wellness Acquisition Corp (NYSE:WEL)’s share price was down 0.8% on Wednesday . The stock traded as low as $11.86 and last traded at $11.86. Approximately 1,200 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 17,645 shares. The stock had previously closed at $11.95.

Integrated Wellness Acquisition Trading Down 0.8 %

The company’s 50-day simple moving average is $11.87 and its 200-day simple moving average is $11.78.

Insider Buying and Selling at Integrated Wellness Acquisition

In other news, major shareholder Mizuho Securities Usa Llc sold 65,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $11.95, for a total transaction of $776,750.00. Following the transaction, the insider now directly owns 385,009 shares of the company’s stock, valued at approximately $4,600,857.55. This trade represents a 14.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 28.20% of the company’s stock.

Institutional Investors Weigh In On Integrated Wellness Acquisition

A number of large investors have recently added to or reduced their stakes in WEL. Logan Stone Capital LLC bought a new stake in shares of Integrated Wellness Acquisition during the 2nd quarter valued at $341,000. K2 Principal Fund L.P. bought a new stake in Integrated Wellness Acquisition during the third quarter worth about $849,000. Crossingbridge Advisors LLC lifted its position in Integrated Wellness Acquisition by 35,204.3% during the third quarter. Crossingbridge Advisors LLC now owns 140,864 shares of the company’s stock worth $1,661,000 after purchasing an additional 140,465 shares during the period. Spartan Fund Management Inc. grew its stake in Integrated Wellness Acquisition by 20.7% during the third quarter. Spartan Fund Management Inc. now owns 146,234 shares of the company’s stock worth $1,724,000 after buying an additional 25,100 shares in the last quarter. Finally, Mizuho Securities USA LLC increased its holdings in Integrated Wellness Acquisition by 10.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 325,821 shares of the company’s stock valued at $3,825,000 after buying an additional 30,821 shares during the period. Institutional investors and hedge funds own 82.03% of the company’s stock.

Integrated Wellness Acquisition Company Profile

Integrated Wellness Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities in the health, nutrition, fitness, wellness, and beauty sectors.