Globa Terra Acquisition (NASDAQ:GTERU) Stock Price Down 0.3% – Time to Sell?

Globa Terra Acquisition Corp (NASDAQ:GTERU)’s stock price fell 0.3% during mid-day trading on Thursday . The stock traded as low as $10.37 and last traded at $10.37. 20 shares were traded during trading, a decline of 100% from the average session volume of 45,112 shares. The stock had previously closed at $10.40.

Globa Terra Acquisition Stock Performance

The company has a fifty day moving average price of $10.30.

Institutional Investors Weigh In On Globa Terra Acquisition

A number of large investors have recently added to or reduced their stakes in GTERU. JPMorgan Chase & Co. acquired a new stake in shares of Globa Terra Acquisition during the 3rd quarter worth approximately $255,000. Heights Capital Management Inc. acquired a new position in shares of Globa Terra Acquisition during the 3rd quarter worth $1,276,000. Quarry LP bought a new stake in shares of Globa Terra Acquisition during the 3rd quarter worth $506,000. Citadel Advisors LLC acquired a new stake in Globa Terra Acquisition in the third quarter valued at about $2,150,000. Finally, Clear Street Group Inc. bought a new position in Globa Terra Acquisition in the third quarter valued at about $475,000.

Global Terra Acquisition Corp. (NASDAQ:GTERU) is a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses. The company was incorporated in Delaware in 2021 and completed its initial public offering later that year, listing its units on the New York Stock Exchange under the symbol GTERU. As of its IPO, the company does not have any ongoing operating business other than identifying and evaluating potential target companies for a business combination.

To date, Global Terra Acquisition Corp.