Shares of Launch One Acquisition Corp. (NASDAQ:LPAA - Get Free Report) shot up 1.2% on Wednesday . The stock traded as high as $10.73 and last traded at $10.8540. 1,500 shares changed hands during mid-day trading, an increase of 22% from the average session volume of 1,228 shares. The stock had previously closed at $10.73.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Launch One Acquisition in a research note on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Launch One Acquisition has an average rating of "Sell".
View Our Latest Report on LPAA
Launch One Acquisition Price Performance
The firm has a 50 day moving average price of $10.70 and a two-hundred day moving average price of $10.61.
Launch One Acquisition (NASDAQ:LPAA - Get Free Report) last issued its quarterly earnings results on Friday, March 27th. The company reported $0.07 earnings per share for the quarter. The company had revenue of $2.35 million during the quarter.
Institutional Investors Weigh In On Launch One Acquisition
Large investors have recently added to or reduced their stakes in the business. Longfellow Investment Management Co. LLC acquired a new stake in Launch One Acquisition during the third quarter worth approximately $81,000. Clear Street Group Inc. acquired a new stake in Launch One Acquisition during the third quarter worth approximately $114,000. Radcliffe Capital Management L.P. acquired a new stake in Launch One Acquisition during the third quarter worth approximately $587,000. Crossingbridge Advisors LLC acquired a new stake in Launch One Acquisition during the fourth quarter worth approximately $878,000. Finally, Quarry LP grew its stake in Launch One Acquisition by 200.0% during the third quarter. Quarry LP now owns 150,000 shares of the company's stock worth $1,575,000 after purchasing an additional 100,000 shares during the period.
Launch One Acquisition Company Profile
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Get Free Report)
Launch One Acquisition Corp is a blank check company incorporated in Delaware. Its principal business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Shares and warrants of the company trade on the Nasdaq Global Market under the ticker symbols “LPAA” and “LPAAW.”
The company completed its initial public offering in 2021, raising gross proceeds through the sale of units, each consisting of one share of common stock and one quarter of a warrant.
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