Fortune Rise Acquisition (NASDAQ:FRLA) Stock Price Up 0.1%

Posted by Xavier Holt on Apr 27th, 2024

Fortune Rise Acquisition Co. (NASDAQ:FRLA – Get Free Report) rose 0.1% during mid-day trading on Thursday . The stock traded as high as $11.17 and last traded at $11.17. Approximately 124 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 71,364 shares. The stock had previously closed at $11.16.

Fortune Rise Acquisition Price Performance

The stock has a 50 day moving average of $11.14 and a 200-day moving average of $11.04.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FRLA. Clear Street LLC lifted its stake in Fortune Rise Acquisition by 2.6% during the 4th quarter. Clear Street LLC now owns 129,550 shares of the company’s stock valued at $1,420,000 after acquiring an additional 3,323 shares during the period. Spartan Fund Management Inc. acquired a new position in Fortune Rise Acquisition during the fourth quarter valued at $343,000. K2 Principal Fund L.P. purchased a new stake in Fortune Rise Acquisition in the third quarter valued at $357,000. Cowen AND Company LLC acquired a new stake in Fortune Rise Acquisition during the 3rd quarter worth about $798,000. Finally, Mizuho Securities USA LLC purchased a new position in shares of Fortune Rise Acquisition during the 3rd quarter valued at about $1,171,000. 52.89% of the stock is currently owned by hedge funds and other institutional investors.

About Fortune Rise Acquisition

(Get Free Report)

Fortune Rise Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Clearwater, Florida.