Americas Technology Acquisition Corp. (NYSEARCA:ATA) experienced a significant milestone on Monday as its shares crossed above the 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 just 200 shares.
Despite not having any significant operations of its own, Americas Technology Acquisition Corp. has seen recent institutional trading activity from Glazer Capital LLC, which increased its stake in the company 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.
The company was founded in 2020 and is headquartered in Dallas, Texas, with a mission to acquire assets and businesses in the technology, media, and telecommunications sector through mergers, share exchanges or other similar transactions. For more news and analyst ratings on Americas Technology Acquisition Corp., sign up for MarketBeat’s free daily email newsletter today!