Oak Woods Acquisition (NASDAQ:OAKU) Shares Up 0.3% – What’s Next?

Shares of Oak Woods Acquisition Corporation (NASDAQ:OAKU) shot up 0.3% during trading on Friday . The stock traded as high as $12.24 and last traded at $12.28. 10,400 shares changed hands during trading, an increase of 1,776% from the average session volume of 554 shares. The stock had previously closed at $12.24.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Oak Woods Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Oak Woods Acquisition Price Performance

The business has a 50-day moving average of $12.21 and a 200-day moving average of $12.12.

Hedge Funds Weigh In On Oak Woods Acquisition

Several hedge funds have recently added to or reduced their stakes in OAKU. Westchester Capital Management LLC lifted its stake in Oak Woods Acquisition by 1,844.8% in the fourth quarter. Westchester Capital Management LLC now owns 163,362 shares of the company’s stock worth $1,977,000 after purchasing an additional 154,962 shares during the last quarter. Crossingbridge Advisors LLC raised its holdings in shares of Oak Woods Acquisition by 7,223.7% in the third quarter. Crossingbridge Advisors LLC now owns 112,638 shares of the company’s stock worth $1,356,000 after buying an additional 111,100 shares during the period. Wolverine Asset Management LLC lifted its stake in shares of Oak Woods Acquisition by 8.8% during the 2nd quarter. Wolverine Asset Management LLC now owns 336,511 shares of the company’s stock worth $3,981,000 after acquiring an additional 27,237 shares during the last quarter. Toronto Dominion Bank bought a new stake in shares of Oak Woods Acquisition during the 4th quarter worth approximately $302,000. Finally, Clear Street Group Inc. purchased a new position in Oak Woods Acquisition during the 3rd quarter valued at $176,000. 63.01% of the stock is currently owned by institutional investors.

About Oak Woods Acquisition

Oak Woods Acquisition Corp. (NASDAQ: OAKU) is a special purpose acquisition company incorporated in Delaware. Established in 2021 through an initial public offering on the Nasdaq, the company’s primary objective is to raise capital and effectuate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Oak Woods Acquisition focuses on identifying targets in digital infrastructure, next-generation computing and data-driven markets.