Globa Terra Acquisition (NASDAQ:GTERU) Stock Price Down 0.3% – Here’s Why

Shares of Globa Terra Acquisition Corp (NASDAQ:GTERU) fell 0.3% on Thursday . The stock traded as low as $10.37 and last traded at $10.37. 20 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 45,112 shares. The stock had previously closed at $10.40.

Globa Terra Acquisition Stock Down 0.3%

The company’s fifty day moving average price is $10.30.

Institutional Trading of Globa Terra Acquisition

Several large investors have recently added to or reduced their stakes in GTERU. Bulldog Investors LLP acquired a new position in shares of Globa Terra Acquisition during the 3rd quarter worth $229,000. JPMorgan Chase & Co. bought a new stake in Globa Terra Acquisition in the third quarter worth $255,000. Clear Street Group Inc. acquired a new position in Globa Terra Acquisition during the third quarter worth $475,000. Quarry LP bought a new position in Globa Terra Acquisition during the third quarter valued at about $506,000. Finally, ADAR1 Capital Management LLC bought a new position in Globa Terra Acquisition during the third quarter valued at about $508,000.

Global Terra Acquisition Corp. (NASDAQ:GTERU) is a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses. The company was incorporated in Delaware in 2021 and completed its initial public offering later that year, listing its units on the New York Stock Exchange under the symbol GTERU. As of its IPO, the company does not have any ongoing operating business other than identifying and evaluating potential target companies for a business combination.

To date, Global Terra Acquisition Corp.