StoneBridge Acquisition (NASDAQ:APAC) Stock Price Up 43%

StoneBridge Acquisition Co. (NASDAQ:APAC)’s share price rose 43% on Monday . The company traded as high as $12.97 and last traded at $11.70. Approximately 115,600 shares traded hands during mid-day trading, an increase of 405% from the average daily volume of 22,909 shares. The stock had previously closed at $8.18.

StoneBridge Acquisition Trading Up 43.0 %

The business’s fifty day moving average price is $9.65 and its 200-day moving average price is $10.52.

Insider Transactions at StoneBridge Acquisition

In other news, CEO Bhargava Marepally purchased 110 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were bought at an average cost of $900.00 per share, with a total value of $99,000.00. Following the completion of the transaction, the chief executive officer now directly owns 110 shares of the company’s stock, valued at $99,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Prabhu Antony purchased 230 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was bought at an average price of $1,725.00 per share, for a total transaction of $396,750.00. Following the purchase, the chief financial officer now directly owns 230 shares in the company, valued at approximately $396,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bhargava Marepally acquired 110 shares of StoneBridge Acquisition stock in a transaction on Tuesday, March 12th. The shares were purchased at an average cost of $900.00 per share, with a total value of $99,000.00. Following the completion of the acquisition, the chief executive officer now owns 110 shares of the company’s stock, valued at approximately $99,000. The disclosure for this purchase can be found here. Company insiders own 67.30% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in StoneBridge Acquisition stock. Shaolin Capital Management LLC grew its holdings in StoneBridge Acquisition Co. (NASDAQ:APAC) by 200.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,678 shares of the company’s stock after purchasing an additional 229,356 shares during the period. Shaolin Capital Management LLC owned approximately 1.54% of StoneBridge Acquisition worth $1,267,000 at the end of the most recent quarter. Institutional investors own 19.18% of the company’s stock.

About StoneBridge Acquisition

StoneBridge Acquisition Corporation does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar Business Combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.