ATAC’s 200-Day Moving Average Surpassed, Glazer Capital LLC Increases Its Stake by 458.1%

On Monday, shares of Americas Technology Acquisition Corp. (NYSEARCA:ATA) surpassed their 200-day moving average during trading. The stock reached a high of $10.59, which is also its 200-day moving average. The shares last traded at $10.59 with a volume of 200 shares.

The company’s 50-day moving average is $10.59, the same as its 200-day moving average. Recent institutional trading activity saw Glazer Capital LLC increase its stake in Americas Technology Acquisition Corp. by an impressive 458.1% in the first quarter. The firm now owns 649,087 shares of the company’s stock, representing about 4.48% of the company’s worth at $6,673,000.

Despite having no significant operations of its own, Americas Technology Acquisition Corp.’s primary goal is to acquire assets and businesses in the technology, media, and telecommunications sector through mergers, share exchanges or other similar transactions. The company was founded in 2020 and is headquartered in Dallas, Texas.

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