Americas Technology Acquisition Corp. (NYSEARCA:ATA) saw its shares rise above its 200-day moving average on Monday, trading at $10.59. The stock’s 50-day moving average is also $10.59. The trading volume was at 200 shares.
A hedge fund, Glazer Capital LLC, recently increased its stake in Americas Technology Acquisition Corp. by 458.1% in the first quarter. They now own about 4.48% of the company’s stock, worth $6,673,000. Overall, 55.60% of the stock is owned by institutional investors and hedge funds.
Americas Technology Acquisition Corp. does not have significant operations. They are focused on acquiring assets and businesses in the technology, media, and telecommunications sector through mergers, share exchanges, or other similar transactions. The company was founded in 2020 and is headquartered in Dallas, Texas.
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