GO Acquisition (NYSE:GOAC) Sees Unusually-High Trading Volume

Shares of GO Acquisition Corp. (NYSE:GOAC – Get Rating) saw unusually-strong trading volume on Thursday . Approximately 16,398 shares changed hands during trading, a decline of 84% from the previous session’s volume of 100,102 shares.The stock last traded at $9.97 and had previously closed at $9.97.

The firm has a 50 day simple moving average of $9.94 and a two-hundred day simple moving average of $9.90.

A number of hedge funds have recently made changes to their positions in the stock. PenderFund Capital Management Ltd. boosted its holdings in GO Acquisition by 207.7% during the fourth quarter. PenderFund Capital Management Ltd. now owns 4,000 shares of the company’s stock worth $50,000 after buying an additional 2,700 shares in the last quarter. Private Capital Management LLC bought a new stake in GO Acquisition during the first quarter worth approximately $169,000. Landscape Capital Management L.L.C. boosted its stake in GO Acquisition by 11.1% in the 4th quarter. Landscape Capital Management L.L.C. now owns 24,652 shares of the company’s stock worth $243,000 after purchasing an additional 2,467 shares during the period. Basso Capital Management L.P. acquired a new position in GO Acquisition in the 1st quarter worth approximately $248,000. Finally, Graham Capital Wealth Management LLC acquired a new position in GO Acquisition in the 4th quarter worth approximately $290,000. 96.07% of the stock is owned by institutional investors and hedge funds.

About GO Acquisition (NYSE:GOAC)

GO Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company focuses on travel-related and travel-adjacent businesses. GO Acquisition Corp.

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