International Media Acquisition Corp. (NASDAQ:IMAQ - Get Free Report)'s stock price was down 0.9% on Tuesday . The company traded as low as $11.50 and last traded at $11.50. Approximately 114 shares were traded during trading, a decline of 92% from the average daily volume of 1,358 shares. The stock had previously closed at $11.60.
International Media Acquisition Price Performance
The company's 50-day simple moving average is $11.19 and its 200-day simple moving average is $11.19.
Hedge Funds Weigh In On International Media Acquisition
A hedge fund recently raised its stake in International Media Acquisition stock. Clear Street LLC lifted its stake in International Media Acquisition Corp. (NASDAQ:IMAQ - Free Report) by 5.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,223 shares of the company's stock after purchasing an additional 2,444 shares during the quarter. Clear Street LLC owned 0.63% of International Media Acquisition worth $543,000 as of its most recent filing with the Securities & Exchange Commission. 25.87% of the stock is currently owned by institutional investors and hedge funds.
International Media Acquisition Company Profile
(
Get Free Report)
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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