Fusion Acquisition Corp. (NYSE: FUSE) is 0.62% higher on its value in year-to-date trading and has touched a low of $9.68 and a high of $12.90 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FUSE stock was last observed hovering at around $11.51 in the last trading session, with the day’s loss setting it -0.14%.
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Currently trading at $11.37, the stock is -4.33% and 0.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.61 million and changing -1.22% at the moment leaves the stock 9.34% off its SMA200. FUSE registered a gain of 16.62% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $11.76 and a 200-day simple moving average (SMA200) of $10.40.
The stock witnessed a -6.65% loss in the last 1 month and extending the period to 3 months gives it a 15.67%, and is -1.90% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.56% over the week and 6.07% over the month.
Fusion Acquisition Corp. (FUSE) Top Institutional Holders
49 institutions hold shares in Fusion Acquisition Corp. (FUSE), with institutional investors hold 55.31% of the company’s shares. Institutions hold 55.31% of the Float.
The top institutional shareholder in the company is Magnetar Financial LLC with over 1.99 million shares valued at $22.52 million. The investor’s holdings represent 5.69% of the FUSE Shares outstanding. As of Dec 30, 2020, the second largest holder is Linden Advisors LP with 1.27 million shares valued at $14.34 million to account for 3.62% of the shares outstanding. The other top investors are Polar Asset Management Partners Inc. which holds 1.18 million shares representing 3.37% and valued at over $13.31 million, while Karpus Management Inc holds 3.09% of the shares totaling 1.08 million with a market value of $12.21 million.