Cactus Acquisition Corp. 1 (NASDAQ:CCTS) Shares Up 12.4% – What’s Next?

Cactus Acquisition Corp. 1 Limited (NASDAQ:CCTS) shares shot up 12.4% during trading on Monday . The stock traded as high as $13.70 and last traded at $13.09. 22,400 shares were traded during trading, an increase of 206% from the average session volume of 7,323 shares. The stock had previously closed at $11.65.

Cactus Acquisition Corp. 1 Trading Up 12.4 %

The company’s fifty day moving average price is $11.86 and its 200 day moving average price is $11.59.

Hedge Funds Weigh In On Cactus Acquisition Corp. 1

An institutional investor recently raised its position in Cactus Acquisition Corp. 1 stock. Berkley W R Corp grew its stake in shares of Cactus Acquisition Corp. 1 Limited (NASDAQ:CCTS) by 5.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 181,914 shares of the company’s stock after acquiring an additional 8,716 shares during the quarter. Berkley W R Corp owned about 3.59% of Cactus Acquisition Corp. 1 worth $2,090,000 as of its most recent SEC filing. 86.36% of the stock is owned by institutional investors.

About Cactus Acquisition Corp. 1

Cactus Acquisition Corp. 1 Limited 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 in the emerging technology sector. The company was incorporated in 2021 and is based in Cranbury, New Jersey.