Gores Holdings X (NASDAQ:GTENU) Shares Down 0.1% – Time to Sell?

Shares of Gores Holdings X, Inc. (NASDAQ:GTENU) fell 0.1% on Monday . The company traded as low as $10.27 and last traded at $10.47. 28,154 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 93,509 shares. The stock had previously closed at $10.48.

Gores Holdings X Stock Performance

The business has a 50 day moving average price of $10.50 and a 200-day moving average price of $10.47.

Institutional Investors Weigh In On Gores Holdings X

Institutional investors and hedge funds have recently modified their holdings of the company. Clear Street Group Inc. bought a new position in Gores Holdings X during the third quarter worth about $366,000. Clear Street LLC acquired a new stake in shares of Gores Holdings X in the second quarter valued at approximately $745,000. HBK Investments L P bought a new position in shares of Gores Holdings X during the 2nd quarter worth approximately $5,195,000. Calamos Advisors LLC acquired a new position in shares of Gores Holdings X during the 2nd quarter worth approximately $7,273,000. Finally, LMR Partners LLP bought a new stake in Gores Holdings X in the 2nd quarter valued at $7,273,000.

About Gores Holdings X

Gores Holdings X, Inc is a special purpose acquisition company (SPAC) incorporated as an exempted Cayman Islands company, formed to effect a merger, share exchange, asset acquisition, share purchase, recapitalization or similar business combination with one or more businesses. The company completed its initial public offering in 2021, raising capital through the sale of units that each consist of one Class A ordinary share and one-half redeemable warrant. Gores Holdings X’s units trade under the ticker GTENU on the Nasdaq Global Market.

The company does not engage in any commercial operations of its own.