Ivanhoe Capital Acquisition Corp. (NYSE:IVAN) CEO Robert M. Friedland Purchases 50,000 Shares of Stock

Ivanhoe Capital Acquisition Corp. (NYSE:IVAN) CEO Robert M. Friedland bought 50,000 shares of the stock in a transaction dated Tuesday, July 20th. The shares were acquired at an average price of $9.88 per share, with a total value of $494,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Robert M. Friedland also recently made the following trade(s):

  • On Friday, July 16th, Robert M. Friedland bought 50,000 shares of Ivanhoe Capital Acquisition stock. The stock was bought at an average cost of $9.91 per share, with a total value of $495,500.00.
  • On Wednesday, July 14th, Robert M. Friedland bought 100,000 shares of Ivanhoe Capital Acquisition stock. The stock was bought at an average cost of $10.00 per share, with a total value of $1,000,000.00.

NYSE:IVAN opened at $9.87 on Thursday. Ivanhoe Capital Acquisition Corp. has a 12 month low of $9.50 and a 12 month high of $11.10. The stock has a 50 day moving average of $10.07.

Large investors have recently bought and sold shares of the business. Ghisallo Capital Management LLC bought a new stake in shares of Ivanhoe Capital Acquisition during the 1st quarter valued at $2,412,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Ivanhoe Capital Acquisition during the 1st quarter valued at $913,000. Alyeska Investment Group L.P. bought a new stake in shares of Ivanhoe Capital Acquisition during the 1st quarter valued at $612,000. Yaupon Capital Management LP bought a new stake in shares of Ivanhoe Capital Acquisition during the 1st quarter valued at $584,000. Finally, CSS LLC IL bought a new stake in shares of Ivanhoe Capital Acquisition during the 1st quarter valued at $567,000. 35.19% of the stock is owned by institutional investors and hedge funds.

About Ivanhoe Capital Acquisition

Ivanhoe Capital Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.

Further Reading: Net Income

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