Fusion Acquisition Corp. (FUSE) – Don’t Be So Quick to Call it Dead

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 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

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.

Fusion Acquisition Corp. (NYSE: FUSE) is -10.97% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FUSE stock was last observed hovering at around $10.30 in the last trading session, with the day’s loss setting it -0.24%.

Currently trading at $10.06, the stock is -13.00% and -11.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.52 million and changing -2.33% at the moment leaves the stock -3.46% off its SMA200. FUSE registered a gain of 3.18% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $11.65 and a 200-day simple moving average (SMA200) of $10.42.

The stock witnessed a -16.31% loss in the last 1 month and extending the period to 3 months gives it a 1.11%, and is -7.28% 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 4.45% over the week and 6.10% over the month.

Distance from 52-week low is 3.93% and -22.02% from its 52-week high.

Fusion Acquisition Corp. (FUSE) Analyst Forecasts

.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free