Roth Ch Acquisition V (NASDAQ:ROCL) Stock Price Up 0.1% – Still a Buy?

Roth Ch Acquisition V Co. (NASDAQ:ROCL)’s stock price was up 0.1% during trading on Friday . The stock traded as high as $11.34 and last traded at $11.34. Approximately 10,927 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 10,145 shares. The stock had previously closed at $11.33.

Roth Ch Acquisition V Trading Up 0.1 %

The company’s 50-day simple moving average is $11.23 and its 200-day simple moving average is $11.10.

Institutional Trading of Roth Ch Acquisition V

A number of institutional investors have recently bought and sold shares of the business. Cowen AND Company LLC lifted its holdings in shares of Roth Ch Acquisition V by 317.1% during the 2nd quarter. Cowen AND Company LLC now owns 235,000 shares of the company’s stock worth $2,571,000 after acquiring an additional 178,653 shares during the period. Karpus Management Inc. bought a new position in shares of Roth Ch Acquisition V in the 1st quarter valued at $1,893,000. SkyView Investment Advisors LLC acquired a new position in shares of Roth Ch Acquisition V during the 1st quarter worth $1,473,000. Finally, Warberg Asset Management LLC bought a new stake in shares of Roth Ch Acquisition V during the 2nd quarter worth $493,000. Institutional investors own 21.90% of the company’s stock.

Roth Ch Acquisition V Company Profile

Roth Ch Acquisition V Co does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. It intends to acquire businesses in the business services, consumer, healthcare, technology, wellness, and sustainability sectors.