MYDA Advisors LLC acquired a new stake in Gores Guggenheim, Inc. (OTCMKTS:GGPIU) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 200,000 shares of the company’s stock, valued at approximately $1,986,000.
A number of other institutional investors have also made changes to their positions in the business. Landscape Capital Management L.L.C. bought a new position in shares of Gores Guggenheim during the 1st quarter worth $182,000. Exos Asset Management LLC purchased a new stake in shares of Gores Guggenheim during the 1st quarter worth $248,000. Sage Mountain Advisors LLC purchased a new stake in shares of Gores Guggenheim during the 1st quarter worth $263,000. JPMorgan Chase & Co. purchased a new stake in shares of Gores Guggenheim during the 1st quarter worth $993,000. Finally, Advisory Research Inc. purchased a new stake in shares of Gores Guggenheim during the 1st quarter worth $2,194,000.
Shares of OTCMKTS GGPIU traded up $0.01 during mid-day trading on Friday, reaching $10.00. 239,224 shares of the company were exchanged, compared to its average volume of 401,586. Gores Guggenheim, Inc. has a 1 year low of $9.80 and a 1 year high of $10.50. The business has a 50-day simple moving average of $9.99.
Gores Guggenheim, Inc, a blank check company, intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was founded in 2020 and is based in Boulder, Colorado.
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