Live Oak Acquisition Corp. (NYSE:LOAK) major shareholder Gary Kent Wunderlich, Jr. purchased 4,905,000 shares of the stock in a transaction on Tuesday, December 29th. The stock was acquired at an average cost of $10.00 per share, for a total transaction of $49,050,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Live Oak Acquisition stock opened at $23.51 on Friday. The firm has a fifty day simple moving average of $15.20. Live Oak Acquisition Corp. has a 52-week low of $9.60 and a 52-week high of $28.12.
An institutional investor recently raised its position in Live Oak Acquisition stock. Karpus Management Inc. raised its holdings in Live Oak Acquisition Corp. (NYSE:LOAK) by 15.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 147,870 shares of the company’s stock after buying an additional 19,370 shares during the quarter. Karpus Management Inc. owned 0.57% of Live Oak Acquisition worth $1,491,000 as of its most recent SEC filing. 16.59% of the stock is currently owned by hedge funds and other institutional investors.
Live Oak Acquisition Corp. focuses to engage in a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was formerly known as Foxhound Merger Partners, Inc Live Oak Acquisition Corp. was founded in 2019 and is based in Great Falls, Virginia.
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