Wolverine Asset Management LLC Lowers Stake in Plum Acquisition Corp. IV $PLMK

Wolverine Asset Management LLC cut its position in shares of Plum Acquisition Corp. IV (NASDAQ:PLMK – Free Report) by 21.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 505,754 shares of the company’s stock after selling 138,115 shares during the quarter. Wolverine Asset Management LLC’s holdings in Plum Acquisition Corp. IV were worth $5,275,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Moore Capital Management LP purchased a new stake in shares of Plum Acquisition Corp. IV during the second quarter worth about $772,000. BCK Capital Management LP grew its holdings in shares of Plum Acquisition Corp. IV by 3.3% during the third quarter. BCK Capital Management LP now owns 103,313 shares of the company’s stock worth $1,066,000 after buying an additional 3,313 shares in the last quarter. Radcliffe Capital Management L.P. purchased a new stake in shares of Plum Acquisition Corp. IV during the second quarter worth about $3,201,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Plum Acquisition Corp. IV during the first quarter worth about $3,409,000.

Plum Acquisition Corp. IV Trading Down 0.1%

Plum Acquisition Corp. IV stock opened at $10.59 on Monday. The stock has a fifty day moving average price of $10.55 and a 200 day moving average price of $10.49. Plum Acquisition Corp. IV has a 52 week low of $10.13 and a 52 week high of $10.67.

Plum Acquisition Corp. IV (NASDAQ:PLMK – Get Free Report) last released its earnings results on Tuesday, March 31st. The company reported $0.07 earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Plum Acquisition Corp. IV in a report on Friday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Plum Acquisition Corp. IV has a consensus rating of “Sell”.

Check Out Our Latest Stock Report on Plum Acquisition Corp. IV

Plum Acquisition Corp. IV Company Profile

(Free Report)

Plum Acquisition Corp. IV is a special purpose acquisition company incorporated in the Cayman Islands. Trading on the Nasdaq under the ticker PLMK, the company has no operating history and was formed for the purpose of effecting one or more business combinations, such as a merger, capital stock exchange, asset acquisition or similar transaction.

The company completed its initial public offering, raising capital through the sale of units comprised of ordinary shares and warrants. The net proceeds of the offering are held in a trust account, pending the identification and consummation of a suitable business combination within the prescribed timeframe, generally 24 months from the closing date of the offering.

Although Plum Acquisition Corp.

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