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Oak Woods Acquisition Corp. (OAKU) shares have reached an all-time high, touching $11.69 in a recent trading session. With a market capitalization of $69.74 million, the stock appears overvalued according to InvestingPro analysis. This milestone reflects a significant uptick in investor confidence, as the company’s stock price has soared past previous records. Trading at a steep P/E ratio of 157, Oak Woods Acquisition has witnessed a commendable 1-year change, with an 8.15% increase in its stock value. This surge to an all-time high comes as technical indicators suggest the stock is in overbought territory. InvestingPro subscribers have access to 7 additional key insights that could help predict OAKU’s next move. Investors are closely monitoring the stock, anticipating future movements after this notable achievement.
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