Gesher Acquisition Corp. II (NASDAQ:GSHR) Trading Down 0% – Here’s Why

Gesher Acquisition Corp. II (NASDAQ:GSHRGet Free Report)’s stock price was down 0% during mid-day trading on Thursday . The company traded as low as $10.40 and last traded at $10.3950. Approximately 18,027 shares traded hands during mid-day trading, an increase of 183% from the average daily volume of 6,364 shares. The stock had previously closed at $10.40.

Gesher Acquisition Corp. II Stock Down 0.0%

The company has a 50 day simple moving average of $10.37.

Gesher Acquisition Corp. II (NASDAQ:GSHRGet Free Report) last issued its earnings results on Friday, March 27th. The company reported $0.04 earnings per share for the quarter.

Institutional Investors Weigh In On Gesher Acquisition Corp. II

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Gesher Acquisition Corp. II during the fourth quarter valued at about $4,107,000. Radcliffe Capital Management L.P. grew its position in Gesher Acquisition Corp. II by 34.6% during the 4th quarter. Radcliffe Capital Management L.P. now owns 227,045 shares of the company’s stock worth $2,331,000 after acquiring an additional 58,339 shares during the last quarter. Glazer Capital LLC boosted its stake in shares of Gesher Acquisition Corp. II by 12.2% during the fourth quarter. Glazer Capital LLC now owns 224,254 shares of the company’s stock valued at $2,302,000 after purchasing an additional 24,299 shares during the period. Sona Asset Management US LLC bought a new stake in Gesher Acquisition Corp. II in the 1st quarter worth $1,810,000. Finally, Meteora Capital LLC purchased a new position in Gesher Acquisition Corp. II during the 4th quarter valued at about $437,000.

About Gesher Acquisition Corp. II

(Get Free Report)

Gesher Acquisition Corp. II (NASDAQ: GSHR) is a special purpose acquisition company (SPAC) listed on the Nasdaq Stock Market. As a blank‑check vehicle, the company’s principal business activity is to identify, negotiate and complete a business combination with one or more operating businesses. Like other SPACs, it was created to use public capital markets as a mechanism to bring a private target company public via a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination.

Gesher Acquisition Corp.

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