Melar Acquisition Corp. I (NASDAQ:MACI) Stock Price Up 0.1% – Here’s What Happened

Shares of Melar Acquisition Corp. I (NASDAQ:MACI) traded up 0.1% during mid-day trading on Friday . The company traded as high as $10.16 and last traded at $10.11. 65,572 shares changed hands during mid-day trading, an increase of 63% from the average session volume of 40,143 shares. The stock had previously closed at $10.10.

Melar Acquisition Corp. I Price Performance

The stock’s fifty day simple moving average is $10.06.

Institutional Trading of Melar Acquisition Corp. I

Large investors have recently made changes to their positions in the stock. Polar Asset Management Partners Inc. purchased a new position in Melar Acquisition Corp. I in the 3rd quarter valued at about $14,843,000. Glazer Capital LLC acquired a new position in shares of Melar Acquisition Corp. I in the third quarter valued at approximately $3,748,000. Rivernorth Capital Management LLC purchased a new position in shares of Melar Acquisition Corp. I during the third quarter valued at approximately $2,998,000. Periscope Capital Inc. acquired a new stake in Melar Acquisition Corp. I during the third quarter worth approximately $2,497,000. Finally, Berkley W R Corp acquired a new stake in Melar Acquisition Corp. I during the third quarter worth approximately $1,991,000.

Melar Acquisition Corp. I Company Profile

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.