Canna-Global Acquisition (NASDAQ:CNGL) Trading 0.3% Higher

Canna-Global Acquisition Corp (NASDAQ:CNGL)’s stock price traded up 0.3% during mid-day trading on Thursday . The stock traded as high as $10.99 and last traded at $10.99. 100 shares changed hands during trading, a decline of 100% from the average session volume of 99,671 shares. The stock had previously closed at $10.96.

Canna-Global Acquisition Stock Performance

The firm has a 50-day moving average of $11.03 and a 200-day moving average of $11.08.

Insider Buying and Selling

In other Canna-Global Acquisition news, major shareholder Cowen Inc. bought 2,800 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was purchased at an average price of $10.50 per share, for a total transaction of $29,400.00. Following the completion of the transaction, the insider now owns 5,148 shares of the company’s stock, valued at approximately $54,054. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 72.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Canna-Global Acquisition

Several institutional investors have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC lifted its stake in shares of Canna-Global Acquisition by 15.6% in the 2nd quarter. Wolverine Asset Management LLC now owns 174,843 shares of the company’s stock valued at $1,824,000 after purchasing an additional 23,546 shares during the last quarter. Mizuho Securities USA LLC bought a new stake in shares of Canna-Global Acquisition during the 4th quarter worth approximately $1,690,000. BCK Capital Management LP increased its holdings in Canna-Global Acquisition by 247.8% during the 4th quarter. BCK Capital Management LP now owns 83,028 shares of the company’s stock worth $903,000 after purchasing an additional 59,158 shares during the period. SkyView Investment Advisors LLC purchased a new position in Canna-Global Acquisition during the 1st quarter worth $787,000. Finally, Crystalline Management Inc. purchased a new position in Canna-Global Acquisition during the 4th quarter worth $546,000. Hedge funds and other institutional investors own 19.55% of the company’s stock.

About Canna-Global Acquisition

Canna-Global Acquisition Corp. does not have significant operations. The company intends to acquire and engage in a share exchange, share reconstruction, and amalgamation with one or more businesses or entities. It intends to focus its search of target business in the cannabis industry. The company was incorporated in 2021 and is based in Marina Del Rey, California.