Melar Acquisition Corp. I (NASDAQ:MACI) Shares Up 0.1% – Time to Buy?

Posted by Matthew Steigler on Jan 19th, 2025

Melar Acquisition Corp. I (NASDAQ:MACI – Get Free Report)’s share price rose 0.1% during mid-day trading on Friday . The company traded as high as $10.16 and last traded at $10.11. Approximately 65,572 shares changed hands during mid-day trading, an increase of 63% from the average daily volume of 40,143 shares. The stock had previously closed at $10.10.

Melar Acquisition Corp. I Stock Performance

The stock’s 50-day moving average is $10.07.

Institutional Trading of Melar Acquisition Corp. I

A number of institutional investors have recently made changes to their positions in the business. Tidal Investments LLC acquired a new stake in Melar Acquisition Corp. I in the third quarter worth about $209,000. Dakota Wealth Management acquired a new stake in Melar Acquisition Corp. I in the 3rd quarter worth approximately $390,000. Deltec Asset Management LLC purchased a new stake in Melar Acquisition Corp. I during the 3rd quarter worth approximately $1,000,000. Wolverine Asset Management LLC purchased a new position in shares of Melar Acquisition Corp. I in the third quarter worth $1,034,000. Finally, ATW Spac Management LLC acquired a new stake in shares of Melar Acquisition Corp. I during the third quarter worth $1,059,000.

About Melar Acquisition Corp. I

(Get Free Report)

Melar Acquisition Corp. I is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Melar Acquisition Corp. I is based in NEW YORK.