Chenghe Acquisition III Co. (NASDAQ:CHEC – Get Free Report)’s share price was down 0% during trading on Tuesday . The stock traded as low as $10.08 and last traded at $10.0860. Approximately 5,775 shares changed hands during trading, a decline of 87% from the average daily volume of 44,205 shares. The stock had previously closed at $10.09.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings started coverage on shares of Chenghe Acquisition III in a research report on Friday, February 6th. They issued a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.
View Our Latest Stock Report on Chenghe Acquisition III
Chenghe Acquisition III Trading Down 0.0%
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Gladius Capital Management LP acquired a new position in shares of Chenghe Acquisition III during the fourth quarter valued at approximately $150,000. Royal Bank of Canada acquired a new stake in Chenghe Acquisition III in the fourth quarter worth approximately $168,000. Virtu Financial LLC bought a new position in Chenghe Acquisition III during the 4th quarter valued at $377,000. Boothbay Fund Management LLC bought a new position in Chenghe Acquisition III during the 4th quarter valued at $498,000. Finally, K2 Principal Fund L.P. acquired a new position in shares of Chenghe Acquisition III during the 4th quarter valued at $805,000.
About Chenghe Acquisition III
Chenghe Acquisition III (NASDAQ: CHEC) is a special-purpose acquisition company, commonly known as a SPAC, that was formed to effect a business combination with one or more operating companies. As a blank?check vehicle, the company’s primary business activity is identifying, negotiating and completing an acquisition, merger or other strategic combination rather than operating traditional, revenue?generating businesses.
Like many SPACs, Chenghe Acquisition III holds funds in a trust account pending the completion of a qualifying business combination and typically offers public shareholders the option to redeem their shares if they do not approve a proposed transaction.
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