Shares of RedBall Acquisition Corp. (NYSE:RBAC) saw an uptick in trading volume on Thursday . 37,264 shares were traded during trading, a decline of 93% from the previous session’s volume of 553,142 shares.The stock last traded at $9.89 and had previously closed at $9.89.
The firm’s fifty day moving average is $9.80 and its 200 day moving average is $9.85.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its position in shares of RedBall Acquisition by 109.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 36,387 shares of the company’s stock valued at $362,000 after buying an additional 18,989 shares in the last quarter. Advisors Capital Management LLC acquired a new position in RedBall Acquisition during the 1st quarter worth approximately $483,000. Carlson Capital L P acquired a new position in RedBall Acquisition during the 1st quarter worth approximately $1,676,000. Penserra Capital Management LLC increased its position in RedBall Acquisition by 60.7% during the 1st quarter. Penserra Capital Management LLC now owns 30,697 shares of the company’s stock worth $305,000 after purchasing an additional 11,591 shares in the last quarter. Finally, Alpine Global Management LLC increased its position in RedBall Acquisition by 363.2% during the 1st quarter. Alpine Global Management LLC now owns 231,589 shares of the company’s stock worth $2,304,000 after purchasing an additional 181,589 shares in the last quarter. 59.77% of the stock is owned by hedge funds and other institutional investors.
RedBall Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses. The company intends to focus on sports, media, and data analytics sectors.
Read More: Average Daily Trade Volume – ADTV
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