Global Lights Acquisition (NASDAQ:GLAC) Stock Price Up 0.3% – What’s Next?

Global Lights Acquisition Corp (NASDAQ:GLAC) was up 0.3% during trading on Thursday . The company traded as high as $10.69 and last traded at $10.69. Approximately 1,992 shares were traded during trading, a decline of 97% from the average daily volume of 57,213 shares. The stock had previously closed at $10.66.

Global Lights Acquisition Stock Performance

The stock has a 50 day moving average price of $10.64 and a 200 day moving average price of $10.50.

Institutional Investors Weigh In On Global Lights Acquisition

A number of hedge funds have recently made changes to their positions in GLAC. Clear Street LLC raised its stake in shares of Global Lights Acquisition by 1,402.4% during the 2nd quarter. Clear Street LLC now owns 13,792 shares of the company’s stock worth $142,000 after purchasing an additional 12,874 shares during the period. Wolverine Asset Management LLC bought a new stake in shares of Global Lights Acquisition during the 3rd quarter worth $74,000. Walleye Capital LLC bought a new stake in Global Lights Acquisition in the 3rd quarter valued at about $669,000. Walleye Trading LLC bought a new stake in Global Lights Acquisition in the 3rd quarter valued at about $377,000. Finally, Berkley W R Corp bought a new stake in Global Lights Acquisition in the 3rd quarter valued at about $1,040,000. 83.41% of the stock is currently owned by institutional investors.

About Global Lights Acquisition

Global Lights Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Beijing, the People's Republic of China.