Onyx Acquisition Co. I (NASDAQ:ONYX - Get Free Report) shot up 0.8% during trading on Monday . The stock traded as high as $11.44 and last traded at $11.44. 8,423 shares were traded during mid-day trading, a decline of 8% from the average session volume of 9,118 shares. The stock had previously closed at $11.35.
The stock's fifty day moving average price is $11.32 and its two-hundred day moving average price is $11.26.
Large investors have recently modified their holdings of the stock. Quarry LP bought a new stake in shares of Onyx Acquisition Co. I during the second quarter valued at approximately $1,527,000. Berkley W R Corp purchased a new position in Onyx Acquisition Co. I during the second quarter valued at $2,136,000. Finally, Robinson Capital Management LLC bought a new stake in shares of Onyx Acquisition Co. I during the 1st quarter valued at $59,000. Institutional investors own 23.34% of the company's stock.
Onyx Acquisition Co I does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in general industrials and construction technology sectors. The company was incorporated in 2021 and is based in New York, New York.
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