Roth Ch Acquisition V (NASDAQ:ROCL) Shares Down 8.2% – Should You Sell?

Roth Ch Acquisition V Co. (NASDAQ:ROCL)’s share price dropped 8.2% during trading on Tuesday . The company traded as low as $9.85 and last traded at $9.88. Approximately 112,900 shares were traded during trading, an increase of 778% from the average daily volume of 12,858 shares. The stock had previously closed at $10.76.

Roth Ch Acquisition V Price Performance

The firm has a 50-day moving average price of $11.06 and a two-hundred day moving average price of $11.11.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Roth Ch Acquisition V stock. Warberg Asset Management LLC bought a new stake in Roth Ch Acquisition V Co. (NASDAQ:ROCL) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 44,679 shares of the company’s stock, valued at approximately $493,000. Warberg Asset Management LLC owned about 0.76% of Roth Ch Acquisition V as of its most recent SEC filing. Institutional investors own 21.90% of the company’s stock.

Roth Ch Acquisition V Company Profile

Roth Ch Acquisition V Co does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. It intends to acquire businesses in the business services, consumer, healthcare, technology, wellness, and sustainability sectors.