Sizzle Acquisition (NASDAQ:SZZLU) Trading Up 1% – Should You Buy?

Sizzle Acquisition Corp. (NASDAQ:SZZLU) shot up 1% on Thursday . The stock traded as high as $10.56 and last traded at $10.56. 5,170 shares traded hands during trading, a decline of 62% from the average daily volume of 13,781 shares. The stock had previously closed at $10.46.

Sizzle Acquisition Price Performance

The company’s 50 day simple moving average is $10.49 and its 200-day simple moving average is $10.48.

Hedge Funds Weigh In On Sizzle Acquisition

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lineage Point Capital LP purchased a new stake in Sizzle Acquisition in the 4th quarter worth approximately $105,000. Clear Street Group Inc. increased its holdings in shares of Sizzle Acquisition by 140.1% during the 4th quarter. Clear Street Group Inc. now owns 83,104 shares of the company’s stock valued at $854,000 after purchasing an additional 48,497 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in shares of Sizzle Acquisition during the 2nd quarter valued at approximately $2,540,000.

About Sizzle Acquisition

Sizzle Acquisition Corp. does not have significant operations. The company intends to focus on entering into merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It focuses on investing in the restaurant, hospitality, food and beverage, retail, consumer, food and food related technology, and real estate industries. The company was incorporated in 2020 and is based in Washington, the District of Columbia.