Falcon Capital Acquisition Sees Unusually Large Options Volume (NASDAQ:FCAC)

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Falcon Capital Acquisition Corp. (NASDAQ:FCAC) was the target of some unusual options trading activity on Friday. Stock investors bought 6,075 call options on the company. This represents an increase of 571% compared to the average daily volume of 906 call options.

Shares of NASDAQ FCAC opened at $11.31 on Friday. The firm has a 50-day simple moving average of $11.05. Falcon Capital Acquisition has a 52 week low of $9.97 and a 52 week high of $12.81.

Several institutional investors and hedge funds have recently made changes to their positions in FCAC. Dupont Capital Management Corp purchased a new stake in shares of Falcon Capital Acquisition in the fourth quarter valued at about $209,000. Deltec Asset Management LLC purchased a new stake in shares of Falcon Capital Acquisition in the fourth quarter valued at about $526,000. Brant Point Investment Management LLC purchased a new stake in shares of Falcon Capital Acquisition in the fourth quarter valued at about $527,000. HighTower Advisors LLC purchased a new stake in shares of Falcon Capital Acquisition in the fourth quarter valued at about $1,365,000. Finally, Monashee Investment Management LLC purchased a new stake in shares of Falcon Capital Acquisition in the fourth quarter valued at about $1,581,000.

About Falcon Capital Acquisition

Falcon Capital Acquisition Corp. intends to acquire assets and businesses through a merger, capital stock exchange, stock purchase, reorganization, or similar business combination. The company was founded in 2020 and is based in New York, New York.

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