Patria Latin American Opportunity Acquisition (NASDAQ:PLAO) Trading 0.9% Higher – Should You Buy?

Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO) shot up 0.9% on Thursday . The company traded as high as $11.84 and last traded at $11.85. 421 shares were traded during trading, an increase of 501% from the average session volume of 70 shares. The stock had previously closed at $11.75.

Patria Latin American Opportunity Acquisition Trading Up 0.9 %

The firm has a fifty day simple moving average of $11.66 and a 200-day simple moving average of $11.61.

Institutional Trading of Patria Latin American Opportunity Acquisition

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Spartan Fund Management Inc. acquired a new position in Patria Latin American Opportunity Acquisition during the 3rd quarter worth $49,000. Crossingbridge Advisors LLC acquired a new position in Patria Latin American Opportunity Acquisition in the third quarter worth about $2,546,000. Mizuho Securities USA LLC increased its holdings in Patria Latin American Opportunity Acquisition by 254.1% in the third quarter. Mizuho Securities USA LLC now owns 363,302 shares of the company’s stock valued at $4,196,000 after buying an additional 260,697 shares during the last quarter. Finally, Wolverine Asset Management LLC increased its holdings in Patria Latin American Opportunity Acquisition by 35.6% in the third quarter. Wolverine Asset Management LLC now owns 405,308 shares of the company’s stock valued at $4,706,000 after buying an additional 106,301 shares during the last quarter. Institutional investors own 72.25% of the company’s stock.

Patria Latin American Opportunity Acquisition Company Profile

Patria Latin American Opportunity Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search on companies in the healthcare, food and beverage, logistics, agribusiness, education, and financial services sectors primarily in Latin America.