Spark I Acquisition Co. (NASDAQ:SPKL - Get Free Report) traded down 0.3% on Wednesday . The company traded as low as $10.77 and last traded at $10.79. 58,940 shares were traded during mid-day trading, an increase of 104% from the average session volume of 28,961 shares. The stock had previously closed at $10.82.
Spark I Acquisition Price Performance
The firm has a fifty day simple moving average of $10.76 and a 200 day simple moving average of $10.65.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in SPKL. Bulldog Investors LLP grew its holdings in shares of Spark I Acquisition by 46.6% during the fourth quarter. Bulldog Investors LLP now owns 149,734 shares of the company's stock worth $1,593,000 after buying an additional 47,616 shares in the last quarter. Mizuho Securities USA LLC purchased a new stake in Spark I Acquisition during the 4th quarter valued at about $1,616,000. D. E. Shaw & Co. Inc. raised its holdings in Spark I Acquisition by 12.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 175,145 shares of the company's stock valued at $1,864,000 after acquiring an additional 18,952 shares during the last quarter. Wolverine Asset Management LLC raised its holdings in Spark I Acquisition by 19.5% in the 4th quarter. Wolverine Asset Management LLC now owns 475,875 shares of the company's stock valued at $5,063,000 after acquiring an additional 77,581 shares during the last quarter. Finally, Toronto Dominion Bank purchased a new position in Spark I Acquisition in the 4th quarter worth approximately $5,320,000. 34.90% of the stock is owned by institutional investors and hedge funds.
About Spark I Acquisition
(
Get Free Report)
Spark I Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar combination with one or more businesses or assets. The company was incorporated in 2021 and is based in Palo Alto, California.
Further Reading
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