Cactus Acquisition Corp. 1 (NASDAQ:CCTS) Trading Up 0.3% – Here’s What Happened

Cactus Acquisition Corp. 1 Limited (NASDAQ:CCTS)’s stock price rose 0.3% on Thursday . The stock traded as high as $11.56 and last traded at $11.56. Approximately 1,302 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 7,279 shares. The stock had previously closed at $11.52.

Cactus Acquisition Corp. 1 Stock Up 0.7 %

The stock’s 50 day simple moving average is $11.47 and its two-hundred day simple moving average is $11.43.

Insider Activity

In related news, Director Jeff Leblanc acquired 100,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was purchased at an average price of $0.50 per share, with a total value of $50,000.00. Following the transaction, the director now owns 135,000 shares of the company’s stock, valued at approximately $67,500. This trade represents a 200.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 58.30% of the company’s stock.

Institutional Trading of Cactus Acquisition Corp. 1

A hedge fund recently raised its stake in Cactus Acquisition Corp. 1 stock. Berkley W R Corp increased its holdings in shares of Cactus Acquisition Corp. 1 Limited (NASDAQ:CCTS) by 18.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 173,198 shares of the company’s stock after buying an additional 27,158 shares during the period. Berkley W R Corp owned about 3.41% of Cactus Acquisition Corp. 1 worth $1,962,000 at the end of the most recent quarter. 86.36% of the stock is owned by institutional investors.

Cactus Acquisition Corp. 1 Company Profile

Cactus Acquisition Corp. 1 Limited 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 in the emerging technology sector. The company was incorporated in 2021 and is based in Cranbury, New Jersey.