Burtech Acquisition (NASDAQ:BRKH) Trading Up 13.9% - Here's What Happened

Burtech Acquisition Corp. (NASDAQ:BRKH - Get Free Report)'s stock price shot up 13.9% during trading on Monday . The company traded as high as $29.61 and last traded at $15.00. Approximately 2,989 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 27,399 shares. The stock had previously closed at $13.18.Get Burtech Acquisition alerts:Burtech Acquisition Price PerformanceThe firm's 50 day simple moving average is $11.56 and its two-hundred day simple moving average is $11.33. Institutional Investors Weigh In On Burtech AcquisitionA number of hedge funds and other institutional investors have recently modified their holdings of the stock. Clear Street LLC raised its holdings in Burtech Acquisition by 141.8% during the 2nd quarter. Clear Street LLC now owns 3,206 shares of the company's stock valued at $36,000 after buying an additional 1,880 shares during the last quarter. Mizuho Securities USA LLC increased its position in shares of Burtech Acquisition by 3.2% in the third quarter. Mizuho Securities USA LLC now owns 477,327 shares of the company's stock valued at $5,360,000 after acquiring an additional 14,843 shares during the period. Finally, Spartan Fund Management Inc. bought a new position in shares of Burtech Acquisition during the third quarter valued at about $1,693,000. Institutional investors own 97.12% of the company's stock. About Burtech Acquisition (Get Free Report)Burtech Acquisition Corp. does not have significant operations. The company focuses to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire a business, which operates in the retail, lifestyle, hospitality, technology, and real estate markets.See AlsoFive stocks we like better than Burtech AcquisitionHow to Invest in Blue Chip StocksDow Jones: A Relevant Benchmark or a Relic of the Past?What Makes a Stock a Good Dividend Stock?3 Big-Name Stocks Just Announced Big-Time Dividend IncreasesHow to Calculate Stock Profit Market Overreaction: 2 Stocks to Buy on the Way DownThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ Six Stocks That Could Soar on Trump’s First Day Back (From InvestorPlace) (Ad)Should you invest $1,000 in Burtech Acquisition right now?Before you consider Burtech Acquisition, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Burtech Acquisition wasn't on the list.While Burtech Acquisition currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here