A SPAC I Acquisition Corp. (NASDAQ:ASCAU – Get Rating) shares dropped 0.4% during mid-day trading on Tuesday . The company traded as low as $10.48 and last traded at $10.48. Approximately 234 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 2,603 shares. The stock had previously closed at $10.52.
A SPAC I Acquisition Price Performance
The business has a fifty day moving average price of $10.36 and a 200-day moving average price of $10.20.
Get A SPAC I Acquisition alerts:Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Polar Asset Management Partners Inc. purchased a new position in shares of A SPAC I Acquisition in the 1st quarter worth $4,254,000. Rivernorth Capital Management LLC bought a new stake in A SPAC I Acquisition during the first quarter valued at about $2,322,000. Basso Capital Management L.P. bought a new stake in A SPAC I Acquisition during the first quarter valued at about $1,001,000. Walleye Capital LLC bought a new stake in shares of A SPAC I Acquisition in the first quarter worth about $641,000. Finally, Prelude Capital Management LLC bought a new stake in shares of A SPAC I Acquisition in the first quarter worth about $400,000.
A SPAC I Acquisition Company Profile
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A SPAC I Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the technology, media, and telecom industries in the United States and Asia.
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