Freedom Acquisition I (NASDAQ:FACT) Stock Price Up 0.1%

Freedom Acquisition I Corp. (NASDAQ:FACT – Get Free Report) traded up 0.1% during mid-day trading on Friday . The stock traded as high as $10.72 and last traded at $10.72. 1,216 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 77,032 shares. The stock had previously closed at $10.71.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Freedom Acquisition I from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Freedom Acquisition I has an average rating of “Sell”.

Read Our Latest Report on Freedom Acquisition I

Freedom Acquisition I Stock Up 0.1%

The business has a 50 day moving average of $10.67 and a 200 day moving average of $10.61.

Freedom Acquisition I (NASDAQ:FACT – Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.04 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FACT. Rivernorth Capital Management LLC raised its holdings in Freedom Acquisition I by 28.0% in the fourth quarter. Rivernorth Capital Management LLC now owns 499,023 shares of the company’s stock worth $5,195,000 after purchasing an additional 109,023 shares in the last quarter. Berkley W R Corp lifted its position in Freedom Acquisition I by 14.7% during the fourth quarter. Berkley W R Corp now owns 285,082 shares of the company’s stock valued at $2,968,000 after buying an additional 36,572 shares during the period. Crossingbridge Advisors LLC bought a new stake in shares of Freedom Acquisition I during the 4th quarter valued at $3,581,000. Shaolin Capital Management LLC boosted its holdings in shares of Freedom Acquisition I by 192.8% during the 3rd quarter. Shaolin Capital Management LLC now owns 303,750 shares of the company’s stock valued at $3,135,000 after buying an additional 200,000 shares in the last quarter. Finally, Sandia Investment Management LP purchased a new stake in shares of Freedom Acquisition I in the 2nd quarter worth about $1,287,000. Institutional investors own 55.82% of the company’s stock.

About Freedom Acquisition I

(Get Free Report)

Freedom Acquisition I Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses. Freedom Acquisition I Corp. was incorporated in 2020 and is based in New York, New York.

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