International Media Acquisition Corp. (NASDAQ:IMAQ - Get Free Report) shares were up 0.2% during trading on Friday . The stock traded as high as $11.02 and last traded at $11.02. Approximately 2,947 shares were traded during trading, an increase of 120% from the average daily volume of 1,342 shares. The stock had previously closed at $11.00.
International Media Acquisition Trading Up 0.2 %
The company has a fifty day simple moving average of $10.90 and a two-hundred day simple moving average of $11.23.
Institutional Investors Weigh In On International Media Acquisition
An institutional investor recently raised its position in International Media Acquisition stock. Cowen AND Company LLC grew its position in International Media Acquisition Corp. (NASDAQ:IMAQ - Free Report) by 29.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 51,137 shares of the company's stock after buying an additional 11,697 shares during the period. Cowen AND Company LLC owned approximately 0.68% of International Media Acquisition worth $588,000 at the end of the most recent quarter. 25.87% of the stock is owned by institutional investors and hedge funds.
About International Media Acquisition
(
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International Media Acquisition Corp. does not have significant operations. The company 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. International Media Acquisition Corp.
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