Golden Arrow Merger (NASDAQ:GAMC) Stock Price Down 0.8%

Golden Arrow Merger Corp. (NASDAQ:GAMC) was down 0.8% during trading on Friday . The stock traded as low as $10.95 and last traded at $10.95. Approximately 954 shares were traded during trading, a decline of 34% from the average daily volume of 1,456 shares. The stock had previously closed at $11.04.

Golden Arrow Merger Stock Down 0.8 %

The company’s 50 day moving average price is $10.99 and its two-hundred day moving average price is $10.79.

Institutional Investors Weigh In On Golden Arrow Merger

An institutional investor recently raised its position in Golden Arrow Merger stock. Clear Street LLC grew its stake in Golden Arrow Merger Corp. (NASDAQ:GAMC) by 6,429.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,208 shares of the company’s stock after buying an additional 27,776 shares during the quarter. Clear Street LLC owned approximately 0.30% of Golden Arrow Merger worth $298,000 as of its most recent SEC filing. 5.52% of the stock is currently owned by hedge funds and other institutional investors.

About Golden Arrow Merger

Golden Arrow Merger Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on acquiring companies in the healthcare and healthcare-related infrastructure industries in the United States and other developed countries.