Spark I Acquisition Co. (NASDAQ:SPKLU – Get Free Report)’s stock price was down 0.6% on Thursday . The stock traded as low as $11.12 and last traded at $11.12. Approximately 800 shares traded hands during trading, an increase of 53% from the average daily volume of 522 shares. The stock had previously closed at $11.19.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Spark I Acquisition in a research note on Tuesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.
Get Our Latest Research Report on SPKLU
Spark I Acquisition Trading Down 0.6%
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Spark I Acquisition stock. Clear Street Group Inc. acquired a new stake in shares of Spark I Acquisition Co. (NASDAQ:SPKLU – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,973 shares of the company’s stock, valued at approximately $193,000.
Spark I Acquisition Company Profile
Spark I Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effectuate a merger, capital stock exchange, asset acquisition or similar business combination with one or more businesses. The company executed its initial public offering in late 2020 under the ticker SPKLU on the Nasdaq Stock Market. As a blank-check vehicle, Spark I Acquisition does not currently conduct operations of its own but seeks to identify and combine with a target company that offers substantial growth potential and strategic alignment with its investment criteria.
The SPAC is sponsored by Spark Impact, an asset management and investment firm known for integrating environmental, social and governance (ESG) principles into its investment process.
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