Oak Woods Acquisition (NASDAQ:OAKU) Shares Up 2.4% – Should You Buy?

Oak Woods Acquisition Co. (NASDAQ:OAKU)’s share price shot up 2.4% during mid-day trading on Monday . The company traded as high as $11.55 and last traded at $11.83. 31 shares changed hands during trading, a decline of 100% from the average session volume of 47,605 shares. The stock had previously closed at $11.55.

Oak Woods Acquisition Trading Up 2.4 %

The stock’s fifty day moving average price is $11.48 and its 200-day moving average price is $11.31.

Institutional Investors Weigh In On Oak Woods Acquisition

Large investors have recently modified their holdings of the business. Spartan Fund Management Inc. purchased a new stake in shares of Oak Woods Acquisition during the fourth quarter worth $37,000. Boothbay Fund Management LLC purchased a new stake in shares of Oak Woods Acquisition in the fourth quarter valued at about $285,000. Walleye Trading LLC purchased a new stake in shares of Oak Woods Acquisition in the third quarter valued at about $400,000. BCK Capital Management LP purchased a new stake in shares of Oak Woods Acquisition in the fourth quarter valued at about $421,000. Finally, SkyView Investment Advisors LLC purchased a new stake in shares of Oak Woods Acquisition in the third quarter valued at about $445,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

About Oak Woods Acquisition

Oak Woods Acquisition Corporation does not have significant operations. It focuses on entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other business combination with one or more businesses. The company intends to focus on businesses that operate in the public and private healthcare, medical services, and technology-enabled healthcare services sectors, as well as enterprise services, artificial intelligence, culture and media, computer and internet technologies, new consumer brands, blockchain, and other areas in the Asia-pacific region.