Freedom Acquisition I (NASDAQ:FACT) Trading Up 0.1% – Here’s Why
by Michael Walen · The Markets DailyFreedom Acquisition I Corp. (NASDAQ:FACT – Get Free Report)’s stock price rose 0.1% during trading on Friday . The stock traded as high as $10.72 and last traded at $10.72. Approximately 1,216 shares traded hands during trading, a decline of 98% from the average session volume of 77,032 shares. The stock had previously closed at $10.71.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded shares of Freedom Acquisition I from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Freedom Acquisition I has a consensus rating of “Sell”.
Get Our Latest Analysis on Freedom Acquisition I
Freedom Acquisition I Stock Performance
The stock has a 50 day simple moving average of $10.67 and a 200-day simple moving average of $10.61.
Freedom Acquisition I (NASDAQ:FACT – Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported $0.04 EPS for the quarter.
Hedge Funds Weigh In On Freedom Acquisition I
Hedge funds have recently bought and sold shares of the company. Rangeley Capital LLC bought a new position in Freedom Acquisition I in the 1st quarter worth about $163,000. Citadel Advisors LLC bought a new stake in Freedom Acquisition I during the 2nd quarter valued at about $204,000. Clear Street Group Inc. increased its stake in Freedom Acquisition I by 52.6% during the 4th quarter. Clear Street Group Inc. now owns 67,306 shares of the company’s stock valued at $701,000 after purchasing an additional 23,209 shares in the last quarter. Moore Capital Management LP purchased a new position in Freedom Acquisition I in the second quarter worth about $1,033,000. Finally, Sandia Investment Management LP purchased a new position in Freedom Acquisition I in the second quarter worth about $1,287,000. Institutional investors own 55.82% of the company’s stock.
About Freedom Acquisition I
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.