Waldencast (NASDAQ:WALDW) Shares Up 4.8%

Waldencast plc (NASDAQ:WALDW) was up 4.8% during mid-day trading on Wednesday . The stock traded as high as $0.49 and last traded at $0.49. Approximately 895 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 6,826 shares. The stock had previously closed at $0.47.

Waldencast Price Performance

The firm has a 50-day moving average of $0.58 and a 200-day moving average of $0.68.

Hedge Funds Weigh In On Waldencast

Hedge funds have recently made changes to their positions in the company. Cowen AND Company LLC acquired a new position in shares of Waldencast in the 3rd quarter valued at $55,000. Walleye Capital LLC grew its position in Waldencast by 28.0% during the 3rd quarter. Walleye Capital LLC now owns 576,962 shares of the company’s stock worth $518,000 after purchasing an additional 126,257 shares during the period. Sculptor Capital LP grew its position in Waldencast by 61.0% during the 1st quarter. Sculptor Capital LP now owns 348,752 shares of the company’s stock worth $340,000 after purchasing an additional 132,086 shares during the period. Citadel Advisors LLC acquired a new stake in Waldencast during the 2nd quarter worth about $94,000. Finally, Clear Street LLC grew its position in Waldencast by 21.0% during the 4th quarter. Clear Street LLC now owns 148,207 shares of the company’s stock worth $144,000 after purchasing an additional 25,757 shares during the period.

About Waldencast

Waldencast plc operates in the beauty and wellness business. The company engages in developing, acquiring, accelerating, and scaling various brands. It provides cosmetic, over-the-counter, and prescription products under the Obagi Medical, Obagi Clinical, and Obagi Professional brands; and a Skintrinsiq device for use in facial treatments that is used by physicians' offices, spas, and aestheticians.