StoneBridge Acquisition (NASDAQ:APAC) Shares Up 43%

StoneBridge Acquisition Co. (NASDAQ:APAC)’s share price was up 43% on Monday . The company traded as high as $12.97 and last traded at $11.70. Approximately 115,600 shares traded hands during trading, an increase of 405% from the average daily volume of 22,909 shares. The stock had previously closed at $8.18.

StoneBridge Acquisition Stock Up 43.0 %

The firm’s 50 day moving average is $9.68 and its 200-day moving average is $10.53.

Insider Activity

In related news, CEO Bhargava Marepally bought 110 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was purchased at an average price of $900.00 per share, with a total value of $99,000.00. Following the completion of the transaction, the chief executive officer now directly owns 110 shares of the company’s stock, valued at $99,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other StoneBridge Acquisition news, CFO Prabhu Antony acquired 230 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were acquired at an average cost of $1,725.00 per share, for a total transaction of $396,750.00. Following the completion of the purchase, the chief financial officer now owns 230 shares of the company’s stock, valued at approximately $396,750. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Bhargava Marepally bought 110 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were acquired at an average price of $900.00 per share, with a total value of $99,000.00. Following the purchase, the chief executive officer now owns 110 shares in the company, valued at $99,000. The disclosure for this purchase can be found here. 67.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in StoneBridge Acquisition stock. Mizuho Securities USA LLC raised its position in StoneBridge Acquisition Co. (NASDAQ:APAC) by 68.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 168,155 shares of the company’s stock after acquiring an additional 68,155 shares during the period. Mizuho Securities USA LLC owned about 2.26% of StoneBridge Acquisition worth $1,824,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 19.18% of the company’s stock.

StoneBridge Acquisition Company Profile

StoneBridge Acquisition Corporation does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar Business Combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.