Gores Guggenheim (OTCMKTS:GGPIU) Trading 0.7% Higher

Gores Guggenheim, Inc. (OTCMKTS:GGPIU) traded up 0.7% during mid-day trading on Wednesday . The company traded as high as $12.68 and last traded at $12.36. 1,557 shares were traded during mid-day trading, a decline of 70% from the average session volume of 5,182 shares. The stock had previously closed at $12.28.

The business has a 50-day simple moving average of $13.07 and a 200-day simple moving average of $11.35.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Security Benefit Life Insurance Co. KS purchased a new stake in shares of Gores Guggenheim during the second quarter worth $32,503,000. Periscope Capital Inc. increased its position in shares of Gores Guggenheim by 129.0% during the second quarter. Periscope Capital Inc. now owns 2,175,800 shares of the company’s stock worth $21,797,000 after acquiring an additional 1,225,800 shares during the period. Marshall Wace LLP purchased a new stake in shares of Gores Guggenheim during the third quarter worth $4,984,000. Cowen Investment Management LLC purchased a new stake in shares of Gores Guggenheim during the second quarter worth $1,002,000. Finally, Susquehanna International Group LLP increased its position in shares of Gores Guggenheim by 529.2% during the second quarter. Susquehanna International Group LLP now owns 84,954 shares of the company’s stock worth $850,000 after acquiring an additional 71,453 shares during the period.

Gores Guggenheim Company Profile (OTCMKTS:GGPIU)

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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