Revelstone Capital Acquisition (NASDAQ:RCAC) Stock Price Down 0.3%

Revelstone Capital Acquisition Corp. (NASDAQ:RCAC) dropped 0.3% during trading on Friday . The company traded as low as $10.65 and last traded at $10.65. Approximately 100 shares changed hands during trading, a decline of 100% from the average daily volume of 26,905 shares. The stock had previously closed at $10.68.

Revelstone Capital Acquisition Stock Performance

The company has a 50 day simple moving average of $10.67 and a two-hundred day simple moving average of $10.32.

Hedge Funds Weigh In On Revelstone Capital Acquisition

A number of hedge funds have recently modified their holdings of RCAC. Warberg Asset Management LLC acquired a new stake in Revelstone Capital Acquisition in the third quarter valued at approximately $191,000. Atalaya Capital Management LP bought a new position in shares of Revelstone Capital Acquisition during the 3rd quarter valued at $486,000. Clear Street LLC lifted its stake in shares of Revelstone Capital Acquisition by 11,158.6% in the 4th quarter. Clear Street LLC now owns 54,717 shares of the company’s stock valued at $301,000 after purchasing an additional 54,231 shares during the last quarter. Governors Lane LP bought a new stake in Revelstone Capital Acquisition in the fourth quarter worth $464,000. Finally, Quarry LP acquired a new position in Revelstone Capital Acquisition during the fourth quarter worth $632,000. 10.39% of the stock is owned by institutional investors and hedge funds.

About Revelstone Capital Acquisition

Revelstone Capital Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the consumer, media, and/or technology markets. Revelstone Capital Acquisition Corp.