APAC Stock Summary and Trading Ideas (Stonebridge Acquisition | NASDAQ:APAC)

StoneBridge Acquisition Corp is a blank check company.

Stonebridge Acquisition trades on the NASDAQ stock market under the symbol APAC.

As of April 24, 2024, APAC stock price was flat at $11.70 with million shares trading.

APAC has a beta of -0.24, meaning it tends to be less sensitive to market movements. APAC has a correlation of 0.00 to the broad based SPY ETF.

APAC has a market cap of $86.88 million. This is considered a Micro Cap stock.

APAC has underperformed the market in the last year with a return of +10.5%, while the SPY ETF gained +24.1%. In the last 3 month period, APAC fell short of the market, returning -6.7%, while SPY returned +4.5%. However, in the most recent 2 weeks APAC has outperformed the stock market by returning 0.0%, while SPY returned -1.7%.

APAC support price is $10.64 and resistance is $12.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that APAC stock will trade within this expected range on the day.