Cohn Robbins Sees Unusually High Options Volume (NYSE:CRHC)

Cohn Robbins Holdings Corp. (NYSE:CRHC) was the recipient of unusually large options trading on Wednesday. Stock investors acquired 3,198 call options on the company. This is an increase of approximately 906% compared to the typical daily volume of 318 call options.

A number of large investors have recently added to or reduced their stakes in CRHC. Beryl Capital Management LLC grew its stake in Cohn Robbins by 2,028.0% during the 3rd quarter. Beryl Capital Management LLC now owns 2,266,673 shares of the company’s stock valued at $22,315,000 after acquiring an additional 2,160,158 shares in the last quarter. Finepoint Capital LP bought a new stake in shares of Cohn Robbins in the 2nd quarter valued at approximately $18,475,000. Hsbc Holdings PLC bought a new stake in shares of Cohn Robbins in the 3rd quarter valued at approximately $4,913,000. Weiss Asset Management LP grew its stake in shares of Cohn Robbins by 33.2% in the 3rd quarter. Weiss Asset Management LP now owns 1,783,156 shares of the company’s stock valued at $17,511,000 after buying an additional 443,980 shares in the last quarter. Finally, ATW Spac Management LLC bought a new stake in shares of Cohn Robbins in the 3rd quarter valued at approximately $3,305,000. 62.02% of the stock is currently owned by institutional investors.

NYSE:CRHC remained flat at $$9.96 on Wednesday. The company’s stock had a trading volume of 541 shares, compared to its average volume of 533,198. Cohn Robbins has a 52 week low of $9.65 and a 52 week high of $11.46. The firm’s 50-day simple moving average is $9.85 and its 200-day simple moving average is $9.84.

Cohn Robbins Company Profile

Cohn Robbins Holdings Corp. 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. The company was formerly known as CSR Acquisition Corp. Cohn Robbins Holdings Corp.

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