Four Leaf Acquisition (NASDAQ:FORL) Shares Up 0% – Still a Buy?

Four Leaf Acquisition Co. (NASDAQ:FORL) shot up 0% during mid-day trading on Friday . The stock traded as high as $11.34 and last traded at $11.34. 4,800 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 20,872 shares. The stock had previously closed at $11.33.

Four Leaf Acquisition Stock Up 0.0 %

The firm’s 50 day simple moving average is $11.19 and its 200-day simple moving average is $11.09.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FORL. Toronto Dominion Bank purchased a new position in Four Leaf Acquisition during the 4th quarter worth $2,158,000. Berkley W R Corp purchased a new stake in shares of Four Leaf Acquisition in the third quarter valued at about $1,456,000. Finally, Virtu Financial LLC acquired a new stake in shares of Four Leaf Acquisition during the third quarter worth about $206,000. Hedge funds and other institutional investors own 72.96% of the company’s stock.

About Four Leaf Acquisition

Four Leaf Acquisition Corporation does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to acquire the Internet of Things business.