MESHU’s (NASDAQ:MESHU – Get Free Report) lock-up period is set to expire on Monday, June 8th. MESHU had issued 30,000,000 shares in its public offering on December 10th. The total size of the offering was $300,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.
MESHU Stock Performance
Shares of MESHU opened at $10.04 on Monday. The company has a 50-day moving average of $10.03. MESHU has a fifty-two week low of $9.95 and a fifty-two week high of $10.50.
Hedge Funds Weigh In On MESHU
Hedge funds have recently bought and sold shares of the business. State of Wisconsin Investment Board bought a new position in MESHU during the fourth quarter worth about $100,000. Jane Street Group LLC bought a new position in MESHU during the fourth quarter worth about $129,000. Deltec Asset Management LLC bought a new position in MESHU during the fourth quarter worth about $200,000. Quarry LP bought a new position in MESHU during the fourth quarter worth about $250,000. Finally, Sandia Investment Management LP bought a new position in MESHU during the fourth quarter worth about $250,000.
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