Goldenstone Acquisition (NASDAQ:GDST) Trading Down 0.4% – Here’s Why

Goldenstone Acquisition Limited (NASDAQ:GDST) traded down 0.4% during mid-day trading on Friday . The company traded as low as $11.20 and last traded at $11.20. 102 shares traded hands during trading, a decline of 100% from the average session volume of 23,235 shares. The stock had previously closed at $11.25.

Goldenstone Acquisition Stock Performance

The firm’s 50 day moving average is $11.23 and its 200 day moving average is $11.20.

Institutional Investors Weigh In On Goldenstone Acquisition

Several hedge funds have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC grew its holdings in shares of Goldenstone Acquisition by 1.1% during the third quarter. Wolverine Asset Management LLC now owns 150,229 shares of the company’s stock valued at $1,681,000 after buying an additional 1,684 shares during the last quarter. Berkley W R Corp lifted its position in Goldenstone Acquisition by 146.7% in the 1st quarter. Berkley W R Corp now owns 392,909 shares of the company’s stock valued at $4,334,000 after acquiring an additional 233,671 shares in the last quarter. K2 Principal Fund L.P. purchased a new stake in Goldenstone Acquisition during the 1st quarter valued at $275,000. Finally, Robinson Capital Management LLC bought a new stake in shares of Goldenstone Acquisition in the 1st quarter worth $52,000. 72.08% of the stock is owned by institutional investors.

About Goldenstone Acquisition

Goldenstone Acquisition Limited does not have significant operations. It intends to enter into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Aurora, Illinois.