Freedom Acquisition I (NASDAQ:FACT) Trading Up 0.1% – Here’s What Happened

Freedom Acquisition I Corp. (NASDAQ:FACT) shot up 0.1% on Wednesday . The stock traded as high as $10.63 and last traded at $10.63. Approximately 133 shares traded hands during trading, a decline of 100% from the average daily volume of 87,484 shares. The stock had previously closed at $10.62.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Freedom Acquisition I in a report on Monday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Freedom Acquisition I Stock Performance

The company’s 50-day moving average price is $10.64 and its 200 day moving average price is $10.54.

Freedom Acquisition I (NASDAQ:FACT) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.04 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. bought a new stake in shares of Freedom Acquisition I during the 1st quarter valued at $4,232,000. Whitebox Advisors LLC purchased a new stake in shares of Freedom Acquisition I in the 2nd quarter worth $2,572,000. TENOR CAPITAL MANAGEMENT Co. L.P. raised its holdings in Freedom Acquisition I by 41.7% in the 2nd quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 849,950 shares of the company’s stock worth $8,746,000 after purchasing an additional 249,950 shares during the period. Sandia Investment Management LP bought a new position in Freedom Acquisition I in the 2nd quarter worth $1,287,000. Finally, Hudson Bay Capital Management LP raised its holdings in Freedom Acquisition I by 29.0% in the 2nd quarter. Hudson Bay Capital Management LP now owns 1,000,000 shares of the company’s stock worth $10,330,000 after purchasing an additional 225,000 shares during the period. Hedge funds and other institutional investors own 55.82% of the company’s stock.

Freedom Acquisition I Company Profile

Freedom Acquisition I Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses. Freedom Acquisition I Corp. was incorporated in 2020 and is based in New York, New York.