Americas Technology Acquisition Corp. (NYSEARCA:ATA) saw its shares cross above the 200-day moving average during trading on Monday. The stock traded as high as $10.59, which is also its 200-day moving average. The shares last traded at $10.59 with a volume of 200 shares.
The stock’s 50-day moving average is $10.59, the same as its 200-day moving average. A recent institutional trading activity saw Glazer Capital LLC increase its stake in Americas Technology Acquisition Corp. by 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.
While Americas Technology Acquisition Corp. does not have any significant operations itself, it aims 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