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International Media Acquisition (NASDAQ:IMAQU) Shares Down 1.6%

Defense World ·  Dec 23, 2022 02:01

International Media Acquisition Corp. (NASDAQ:IMAQU – Get Rating) shares traded down 1.6% during trading on Thursday . The company traded as low as $9.87 and last traded at $10.15. 225 shares traded hands during trading, a decline of 96% from the average session volume of 5,277 shares. The stock had previously closed at $10.31.

International Media Acquisition Trading Down 1.6 %

The business has a 50-day simple moving average of $10.25 and a 200 day simple moving average of $10.17.

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Institutional Inflows and Outflows

An institutional investor recently raised its position in International Media Acquisition stock. SkyView Investment Advisors LLC lifted its position in International Media Acquisition Corp. (NASDAQ:IMAQU – Get Rating) by 3.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 78,664 shares of the company's stock after acquiring an additional 2,565 shares during the period. SkyView Investment Advisors LLC's holdings in International Media Acquisition were worth $798,000 as of its most recent SEC filing.

International Media Acquisition Company Profile

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International Media Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the media and entertainment sector. The company was incorporated in 2021 and is based in North Brunswick, New Jersey.

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