Four Leaf Acquisition (NASDAQ:FORL) Shares Up 0% – Time to Buy?

Four Leaf Acquisition Co. (NASDAQ:FORL) shares shot up 0% during mid-day trading on Friday . The stock traded as high as $11.34 and last traded at $11.34. 4,800 shares were traded during trading, a decline of 77% from the average session volume of 20,872 shares. The stock had previously closed at $11.33.

Four Leaf Acquisition Stock Performance

The company’s 50 day simple moving average is $11.19 and its 200-day simple moving average is $11.09.

Hedge Funds Weigh In On Four Leaf Acquisition

Several institutional investors have recently made changes to their positions in the business. Toronto Dominion Bank bought a new position in shares of Four Leaf Acquisition in the 4th quarter worth approximately $2,158,000. Virtu Financial LLC lifted its stake in shares of Four Leaf Acquisition by 47.7% in the 4th quarter. Virtu Financial LLC now owns 27,940 shares of the company’s stock worth $310,000 after purchasing an additional 9,021 shares during the period. Finally, Berkley W R Corp bought a new position in shares of Four Leaf Acquisition in the 3rd quarter worth approximately $1,456,000. Institutional investors own 72.96% of the company’s stock.

About Four Leaf Acquisition

Four Leaf Acquisition Corporation does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to acquire the Internet of Things business.