Alpha Star Acquisition (NASDAQ:ALSA) Stock Price Down 0.2% - Time to Sell?

Alpha Star Acquisition Co. (NASDAQ:ALSA - Get Free Report)'s stock price dropped 0.2% on Thursday . The company traded as low as $11.73 and last traded at $11.73. Approximately 2,711 shares traded hands during trading, a decline of 93% from the average daily volume of 38,354 shares. The stock had previously closed at $11.75.

Alpha Star Acquisition Stock Performance

The stock's 50 day moving average price is $11.80 and its two-hundred day moving average price is $11.65.

Hedge Funds Weigh In On Alpha Star Acquisition

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Berkley W R Corp grew its stake in shares of Alpha Star Acquisition by 3.2% during the 2nd quarter. Berkley W R Corp now owns 413,927 shares of the company's stock worth $4,785,000 after purchasing an additional 12,810 shares during the period. Clear Street LLC acquired a new position in shares of Alpha Star Acquisition during the 2nd quarter worth $52,000. Finally, Mizuho Securities USA LLC grew its stake in shares of Alpha Star Acquisition by 30.9% during the 1st quarter. Mizuho Securities USA LLC now owns 261,849 shares of the company's stock worth $2,933,000 after purchasing an additional 61,849 shares during the period. 65.12% of the stock is owned by institutional investors and hedge funds.

Alpha Star Acquisition Company Profile

Alpha Star Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in clean energy, internet and high technology, financial technology, health care, consumer and retail, energy and resources, manufacturing, and education sectors in Asia.