Tortoise Acquisition (NASDAQ:SHLL) Shares Gap Up to $24.57

Tortoise Acquisition Corp. (NASDAQ:SHLL)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $29.89, but opened at $24.57. Tortoise Acquisition shares last traded at $30.79, with a volume of 853,482 shares traded.

The company has a fifty day moving average of $12.18 and a 200-day moving average of $10.51.

In other Tortoise Acquisition news, major shareholder Polar Asset Management Partner sold 1,550,000 shares of the stock in a transaction on Friday, June 19th. The shares were sold at an average price of $13.84, for a total transaction of $21,452,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

A number of institutional investors have recently bought and sold shares of SHLL. Alberta Investment Management Corp increased its position in Tortoise Acquisition by 126.7% during the first quarter. Alberta Investment Management Corp now owns 850,000 shares of the company’s stock worth $8,356,000 after buying an additional 475,000 shares during the last quarter. UBS Oconnor LLC increased its position in Tortoise Acquisition by 268.1% during the fourth quarter. UBS Oconnor LLC now owns 617,855 shares of the company’s stock worth $6,163,000 after buying an additional 450,000 shares during the last quarter. Radcliffe Capital Management L.P. acquired a new position in Tortoise Acquisition during the first quarter worth $2,661,000. Picton Mahoney Asset Management increased its position in Tortoise Acquisition by 1,165.8% during the first quarter. Picton Mahoney Asset Management now owns 200,000 shares of the company’s stock worth $2,026,000 after buying an additional 184,200 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Tortoise Acquisition during the first quarter worth $492,000.

About Tortoise Acquisition (NASDAQ:SHLL)

Tortoise Acquisition Corp. intends to acquire assets and businesses through a merger, capital stock exchange, stock purchase, reorganization, or business combination. The company was founded in 2018 and is based in Leawood, Kansas.

Further Reading: What is the Book Value of a Share?

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