Insider Buying: FAST Acquisition Corp. (NYSE:FST) Major Shareholder Buys 23,000 Shares of Stock

FAST Acquisition Corp. (NYSE:FST) major shareholder Chatham Asset Management, Llc bought 23,000 shares of the business’s stock in a transaction that occurred on Monday, July 19th. The stock was purchased at an average cost of $11.71 per share, with a total value of $269,330.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Chatham Asset Management, Llc also recently made the following trade(s):

  • On Thursday, July 15th, Chatham Asset Management, Llc bought 135,468 shares of FAST Acquisition stock. The stock was purchased at an average cost of $12.97 per share, with a total value of $1,757,019.96.
  • On Monday, July 12th, Chatham Asset Management, Llc bought 30,000 shares of FAST Acquisition stock. The stock was purchased at an average cost of $13.30 per share, with a total value of $399,000.00.
  • On Thursday, July 8th, Chatham Asset Management, Llc bought 50,000 shares of FAST Acquisition stock. The stock was purchased at an average cost of $13.48 per share, with a total value of $674,000.00.
  • On Tuesday, July 6th, Chatham Asset Management, Llc bought 100,000 shares of FAST Acquisition stock. The stock was purchased at an average cost of $13.64 per share, with a total value of $1,364,000.00.
  • On Friday, July 2nd, Chatham Asset Management, Llc bought 185,000 shares of FAST Acquisition stock. The stock was purchased at an average cost of $13.34 per share, with a total value of $2,467,900.00.

Shares of FST stock opened at $11.80 on Thursday. The company has a 50-day moving average price of $12.57. FAST Acquisition Corp. has a twelve month low of $9.59 and a twelve month high of $14.10.

A number of hedge funds have recently made changes to their positions in the stock. Honeycomb Asset Management LP purchased a new stake in FAST Acquisition in the 1st quarter valued at about $10,888,000. Glenview Capital Management LLC purchased a new stake in FAST Acquisition in the 1st quarter valued at about $12,457,000. Vivaldi Capital Management LLC purchased a new stake in FAST Acquisition in the 4th quarter valued at about $112,000. TIG Advisors LLC purchased a new stake in FAST Acquisition in the 4th quarter valued at about $2,156,000. Finally, Zeke Capital Advisors LLC purchased a new stake in FAST Acquisition in the 1st quarter valued at about $20,658,000. 56.86% of the stock is owned by hedge funds and other institutional investors.

About FAST Acquisition

FAST Acquisition Corp. does not have significant operations. The company intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in restaurant, hospitality, and related sectors. FAST Acquisition Corp. was founded in 2020 and is based in Ridgefield, Connecticut.

See Also: No Load Funds

Insider Buying and Selling by Quarter for FAST Acquisition (NYSE:FST)

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