Patria Latin American Opportunity Acquisition (NASDAQ:PLAO) Trading Up 0.4% – Should You Buy?

Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAOGet Free Report)’s stock price traded up 0.4% on Wednesday . The stock traded as high as $11.65 and last traded at $11.69. 200 shares traded hands during mid-day trading, an increase of 180% from the average session volume of 71 shares. The stock had previously closed at $11.64.

Patria Latin American Opportunity Acquisition Price Performance

The stock has a 50-day simple moving average of $11.64 and a 200-day simple moving average of $11.59.

Hedge Funds Weigh In On Patria Latin American Opportunity Acquisition

Institutional investors have recently added to or reduced their stakes in the stock. Crossingbridge Advisors LLC bought a new position in Patria Latin American Opportunity Acquisition in the 3rd quarter valued at approximately $2,546,000. Mizuho Securities USA LLC grew its position in shares of Patria Latin American Opportunity Acquisition by 254.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 363,302 shares of the company’s stock valued at $4,196,000 after buying an additional 260,697 shares during the last quarter. Wolverine Asset Management LLC lifted its stake in shares of Patria Latin American Opportunity Acquisition by 35.6% in the third quarter. Wolverine Asset Management LLC now owns 405,308 shares of the company’s stock worth $4,706,000 after acquiring an additional 106,301 shares during the period. Finally, Spartan Fund Management Inc. acquired a new stake in Patria Latin American Opportunity Acquisition during the 3rd quarter valued at approximately $49,000. 72.25% of the stock is currently owned by institutional investors and hedge funds.

Patria Latin American Opportunity Acquisition Company Profile

(Get Free Report)

Patria Latin American Opportunity Acquisition Corp. 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. It intends to focus its search on companies in the healthcare, food and beverage, logistics, agribusiness, education, and financial services sectors primarily in Latin America.

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