Valuence Merger Corp. I (NASDAQ:VMCA) Stock Price Up 0.3% – What’s Next?

Valuence Merger Corp. I (NASDAQ:VMCA) traded up 0.3% during trading on Monday . The company traded as high as $11.55 and last traded at $11.55. 1,000 shares were traded during mid-day trading, a decline of 67% from the average session volume of 3,000 shares. The stock had previously closed at $11.52.

Valuence Merger Corp. I Trading Up 0.3 %

The stock has a market capitalization of $85.12 million, a price-to-earnings ratio of 72.19 and a beta of 0.01. The company’s 50 day moving average is $11.52 and its 200 day moving average is $11.50.

Institutional Trading of Valuence Merger Corp. I

Institutional investors and hedge funds have recently made changes to their positions in the company. Clear Street LLC acquired a new position in Valuence Merger Corp. I during the second quarter worth approximately $170,000. Logan Stone Capital LLC acquired a new position in shares of Valuence Merger Corp. I in the 2nd quarter valued at $176,000. Finally, Condor Capital Management purchased a new stake in Valuence Merger Corp. I in the 2nd quarter valued at $171,000. 52.21% of the stock is owned by hedge funds and other institutional investors.

About Valuence Merger Corp. I

Valuence Merger Corp. I 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 or entities in developing breakthrough technology in life sciences and/or advancing a platform for sustainable technology in Asia.