Mudrick Capital Acquisition Co. (NASDAQ:MUDSU) rose 0.1% during mid-day trading on Thursday . The stock traded as high as $10.85 and last traded at $10.85, approximately 1,000 shares were traded during trading. A decline of 87% from the average daily volume of 7,664 shares. The stock had previously closed at $10.84.
The firm has a 50-day simple moving average of $10.83 and a 200-day simple moving average of $10.68.
A hedge fund recently raised its stake in Mudrick Capital Acquisition stock. Cowen Inc. raised its position in Mudrick Capital Acquisition Co. (NASDAQ:MUDSU) by 7.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 125,000 shares of the company’s stock after buying an additional 8,710 shares during the period. Cowen Inc.’s holdings in Mudrick Capital Acquisition were worth $1,324,000 at the end of the most recent reporting period.
Mudrick Capital Acquisition Corporation is blank check company. The Company is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
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