Oak Woods Acquisition (NASDAQ:OAKU) Trading 0.2% Higher – Should You Buy?

Shares of Oak Woods Acquisition Co. (NASDAQ:OAKU) rose 0.2% during mid-day trading on Friday . The stock traded as high as $11.37 and last traded at $11.37. Approximately 402 shares were traded during trading, a decline of 99% from the average daily volume of 62,101 shares. The stock had previously closed at $11.35.

Oak Woods Acquisition Stock Performance

The company’s 50 day simple moving average is $11.31 and its two-hundred day simple moving average is $11.11.

Insider Activity at Oak Woods Acquisition

In related news, major shareholder Mizuho Securities Usa Llc sold 74,000 shares of Oak Woods Acquisition stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $11.18, for a total value of $827,320.00. Following the completion of the sale, the insider now directly owns 413,394 shares in the company, valued at $4,621,744.92. This trade represents a 15.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. K2 Principal Fund L.P. bought a new position in Oak Woods Acquisition during the second quarter worth about $219,000. Walleye Trading LLC acquired a new position in Oak Woods Acquisition during the third quarter valued at approximately $400,000. Quarry LP acquired a new position in shares of Oak Woods Acquisition in the 2nd quarter valued at approximately $401,000. SkyView Investment Advisors LLC acquired a new stake in Oak Woods Acquisition during the 3rd quarter worth approximately $445,000. Finally, Walleye Capital LLC bought a new position in Oak Woods Acquisition in the third quarter valued at approximately $710,000. 63.01% of the stock is currently owned by institutional investors.

Oak Woods Acquisition Company Profile

Oak Woods Acquisition Corporation does not have significant operations. It focuses on entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other business combination with one or more businesses. The company intends to focus on businesses that operate in the public and private healthcare, medical services, and technology-enabled healthcare services sectors, as well as enterprise services, artificial intelligence, culture and media, computer and internet technologies, new consumer brands, blockchain, and other areas in the Asia-pacific region.