Melar Acquisition Corp. I (NASDAQ:MACI) Trading Up 0.1% – Should You Buy?

Melar Acquisition Corp. I (NASDAQ:MACI) rose 0.1% on Friday . The stock traded as high as $10.16 and last traded at $10.11. Approximately 65,572 shares were traded during trading, an increase of 63% from the average daily volume of 40,143 shares. The stock had previously closed at $10.10.

Melar Acquisition Corp. I Stock Up 0.1 %

The business has a 50 day moving average price of $10.06.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MACI. Tidal Investments LLC acquired a new position in Melar Acquisition Corp. I in the third quarter valued at $209,000. Dakota Wealth Management purchased a new position in shares of Melar Acquisition Corp. I in the 3rd quarter worth about $390,000. Deltec Asset Management LLC acquired a new position in shares of Melar Acquisition Corp. I in the 3rd quarter valued at about $1,000,000. Wolverine Asset Management LLC purchased a new stake in shares of Melar Acquisition Corp. I during the 3rd quarter worth about $1,034,000. Finally, ATW Spac Management LLC purchased a new stake in shares of Melar Acquisition Corp. I during the 3rd quarter worth about $1,059,000.

About Melar Acquisition Corp. I

Melar Acquisition Corp. I is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Melar Acquisition Corp. I is based in NEW YORK.