Waldencast (NASDAQ:WALDW) Trading 4.8% Higher

Waldencast plc (NASDAQ:WALDW)’s share price traded up 4.8% on Wednesday . The company traded as high as $0.49 and last traded at $0.49. 895 shares were traded during mid-day trading, a decline of 87% from the average session volume of 6,826 shares. The stock had previously closed at $0.47.

Waldencast Price Performance

The business’s 50-day simple moving average is $0.59 and its two-hundred day simple moving average is $0.68.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Walleye Capital LLC raised its position in shares of Waldencast by 89.7% during the 1st quarter. Walleye Capital LLC now owns 446,901 shares of the company’s stock worth $429,000 after purchasing an additional 211,358 shares during the last quarter. Sculptor Capital LP raised its position in shares of Waldencast by 61.0% during the 1st quarter. Sculptor Capital LP now owns 348,752 shares of the company’s stock worth $340,000 after purchasing an additional 132,086 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Waldencast during the 2nd quarter worth about $94,000. Cowen AND Company LLC acquired a new position in shares of Waldencast during the 3rd quarter worth about $55,000. Finally, Wolverine Asset Management LLC raised its position in shares of Waldencast by 224.8% during the 4th quarter. Wolverine Asset Management LLC now owns 31,946 shares of the company’s stock worth $31,000 after purchasing an additional 22,109 shares during the last quarter.

Waldencast Company Profile

Waldencast plc operates in the beauty and wellness business. The company engages in developing, acquiring, accelerating, and scaling various brands. It provides cosmetic, over-the-counter, and prescription products under the Obagi Medical, Obagi Clinical, and Obagi Professional brands; and a Skintrinsiq device for use in facial treatments that is used by physicians' offices, spas, and aestheticians.