Integrated Rail and Resources Acquisition (NYSE:IRRX) Trading 0.5% Higher

Integrated Rail and Resources Acquisition Corp. (NYSE:IRRX)’s share price traded up 0.5% on Friday . The stock traded as high as $10.95 and last traded at $10.95. 85,362 shares changed hands during trading, an increase of 193% from the average session volume of 29,179 shares. The stock had previously closed at $10.90.

Integrated Rail and Resources Acquisition Trading Up 0.5 %

The company’s 50-day moving average price is $11.03 and its two-hundred day moving average price is $11.00.

Insider Activity at Integrated Rail and Resources Acquisition

In related news, major shareholder Wolverine Asset Management Llc sold 310,911 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $11.00, for a total transaction of $3,420,021.00. Following the transaction, the insider now owns 200,000 shares of the company’s stock, valued at approximately $2,200,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 34.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Integrated Rail and Resources Acquisition

Large investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP grew its holdings in Integrated Rail and Resources Acquisition by 79.0% in the 4th quarter. Susquehanna International Group LLP now owns 24,563 shares of the company’s stock worth $250,000 after acquiring an additional 10,842 shares during the last quarter. Westchester Capital Management LLC boosted its stake in shares of Integrated Rail and Resources Acquisition by 107.2% during the 2nd quarter. Westchester Capital Management LLC now owns 31,500 shares of the company’s stock valued at $337,000 after purchasing an additional 16,300 shares in the last quarter. Glazer Capital LLC bought a new stake in shares of Integrated Rail and Resources Acquisition during the 1st quarter valued at about $365,000. Centiva Capital LP bought a new stake in shares of Integrated Rail and Resources Acquisition during the 2nd quarter valued at about $523,000. Finally, Kim LLC bought a new stake in shares of Integrated Rail and Resources Acquisition during the 4th quarter valued at about $555,000. Institutional investors own 47.49% of the company’s stock.

Integrated Rail and Resources Acquisition Company Profile

Integrated Rail and Resources Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in railroad companies in North America. Integrated Rail and Resources Acquisition Corp.