IB Acquisition (NASDAQ:IBAC) Major Shareholder Aqr Capital Management Holding Sells 122,309 Shares

IB Acquisition Corp. (NASDAQ:IBAC) major shareholder Aqr Capital Management Holding sold 122,309 shares of IB Acquisition stock in a transaction on Monday, September 29th. The stock was sold at an average price of $10.50, for a total transaction of $1,284,244.50. Following the sale, the insider directly owned 3,113 shares of the company’s stock, valued at approximately $32,686.50. This trade represents a 97.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

IB Acquisition Stock Down 0.2%

IB Acquisition stock opened at $10.50 on Thursday. The company has a fifty day simple moving average of $10.55 and a 200-day simple moving average of $10.46. IB Acquisition Corp. has a 12-month low of $10.01 and a 12-month high of $11.45.

Institutional Trading of IB Acquisition

A number of institutional investors have recently bought and sold shares of IBAC. Mizuho Securities USA LLC purchased a new stake in shares of IB Acquisition during the 1st quarter worth approximately $126,000. Jane Street Group LLC purchased a new stake in IB Acquisition in the second quarter valued at $135,000. Clear Street LLC lifted its holdings in shares of IB Acquisition by 5,006.3% in the 2nd quarter. Clear Street LLC now owns 28,544 shares of the company’s stock valued at $299,000 after purchasing an additional 27,985 shares during the last quarter. Wolverine Asset Management LLC lifted its holdings in shares of IB Acquisition by 6.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 706,796 shares of the company’s stock valued at $7,400,000 after purchasing an additional 44,300 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of IB Acquisition in the 1st quarter valued at about $1,032,000.

IB Acquisition Company Profile

IB Acquisition Corp. is a blank check company. It formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses or entities. IB Acquisition Corp. is based in Boca Raton, Florida.