Far Peak Acquisition Corporation (NYSE:FPAC) has seen 1.21 million shares traded in the recent trading session. The company, currently valued at $705.15M, closed the recent trade at $10.12 per share which meant it lost -$0.01 on the day or -0.05% during that session. The FPAC stock price is -0.49% off its 52-week high price of $10.17 and 3.56% above the 52-week low of $9.76. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.27 million shares traded. The 3-month trading volume is 479.21K shares.
Far Peak Acquisition Corporation (NYSE:FPAC) trade information
Sporting -0.05% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 01/24/23 when the FPAC stock price touched $10.12 or saw a rise of 0.49%. Year-to-date, Far Peak Acquisition Corporation shares have moved 0.90%, while the 5-day performance has seen it change 0.30%. Over the past 30 days, the shares of Far Peak Acquisition Corporation (NYSE:FPAC) have changed 1.20%. Short interest in the company has seen 69130.0 shares shorted with days to cover at 0.41.
Far Peak Acquisition Corporation (FPAC) estimates and forecasts
The company’s shares have gained 3.05% over the past 6 months.
Far Peak Acquisition Corporation is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Far Peak Acquisition Corporation (NYSE:FPAC)’s Major holders
Insiders own 12.50% of the company shares, while shares held by institutions stand at 90.57% with a share float percentage of 103.50%. Investors are also buoyed by the number of investors in a company, with Far Peak Acquisition Corporation having a total of 104 institutions that hold shares in the company. The top two institutional holders are Softbank Group Corporation with over 7.5 million shares worth more than $73.65 million. As of Jun 29, 2022, Softbank Group Corporation held 12.50% of shares outstanding.
The other major institutional holder is UBS OConnor LLC, with the holding of over 3.9 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $38.3 million and represent 6.50% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are First Tr Exchange Traded Fd-First Trust Merger Arbitrage Fd and Merger Fund, The. As of Jun 29, 2022, the former fund manager holds about 1.73% shares in the company for having 1.04 million shares of worth $10.18 million while later fund manager owns 0.44 million shares of worth $4.34 million as of Jun 29, 2022, which makes it owner of about 0.74% of company’s outstanding stock.