Golden Arrow Merger (NASDAQ:GAMC) Shares Down 5.4% – What’s Next?

Posted by Renee Jackson on Oct 23rd, 2024

Golden Arrow Merger Corp. (NASDAQ:GAMC – Get Free Report)’s share price traded down 5.4% on Monday . The company traded as low as $0.45 and last traded at $0.47. 140,637 shares changed hands during mid-day trading, an increase of 2,598% from the average session volume of 5,213 shares. The stock had previously closed at $0.50.

Golden Arrow Merger Trading Down 1.0 %

The company’s fifty day moving average price is $1.78 and its 200-day moving average price is $7.72.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Golden Arrow Merger stock. Virtu Financial LLC lifted its position in shares of Golden Arrow Merger Corp. (NASDAQ:GAMC – Free Report) by 45.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,916 shares of the company’s stock after purchasing an additional 6,572 shares during the quarter. Virtu Financial LLC owned 0.27% of Golden Arrow Merger worth $225,000 as of its most recent SEC filing. Institutional investors own 5.52% of the company’s stock.

About Golden Arrow Merger

(Get Free Report)

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.