597,999 Shares of Plum Acquisition Corp. IV $PLMK Bought by Context Capital Management LLC

Context Capital Management LLC acquired a new position in shares of Plum Acquisition Corp. IV (NASDAQ:PLMK) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 597,999 shares of the company’s stock, valued at approximately $6,411,000. Context Capital Management LLC owned 0.06% of Plum Acquisition Corp. IV at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PLMK. Sona Asset Management US LLC bought a new position in Plum Acquisition Corp. IV in the first quarter valued at $3,696,000. Berkley W R Corp increased its stake in Plum Acquisition Corp. IV by 4.6% in the 1st quarter. Berkley W R Corp now owns 804,192 shares of the company’s stock valued at $8,492,000 after buying an additional 35,304 shares during the last quarter. Finally, Citadel Advisors LLC increased its stake in Plum Acquisition Corp. IV by 33.6% in the 2nd quarter. Citadel Advisors LLC now owns 13,596 shares of the company’s stock valued at $145,000 after buying an additional 3,421 shares during the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Plum Acquisition Corp. IV in a research report on Tuesday, October 27th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Plum Acquisition Corp. IV Trading Down 0.0%

PLMK opened at $10.64 on Wednesday. Plum Acquisition Corp. IV has a 52-week low of $10.38 and a 52-week high of $12.00. The business’s 50-day simple moving average is $10.65 and its 200 day simple moving average is $10.61.

Plum Acquisition Corp. IV (NASDAQ:PLMK) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.02 EPS for the quarter.

Plum Acquisition Corp. IV Company Profile

Plum Acquisition Corp. IV is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Its potential transactions may include a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar corporate combination. As a blank-check company, Plum Acquisition Corp. IV does not have significant operating products or services of its own. Its activities are primarily focused on raising capital, evaluating potential acquisition targets and seeking shareholder approval for a proposed transaction.