Launch One Acquisition Corp. (NASDAQ:LPAA - Get Free Report) shares dropped 0.2% during mid-day trading on Thursday . The stock traded as low as $10.40 and last traded at $10.40. Approximately 101,206 shares changed hands during mid-day trading, an increase of 41% from the average daily volume of 71,528 shares. The stock had previously closed at $10.42.
Launch One Acquisition Trading Up 0.1%
The firm's 50 day moving average is $10.37 and its 200 day moving average is $10.21.
Institutional Investors Weigh In On Launch One Acquisition
Institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP acquired a new position in shares of Launch One Acquisition in the 1st quarter worth $1,532,000. Mizuho Securities USA LLC purchased a new position in Launch One Acquisition in the 1st quarter worth about $2,791,000. Wolverine Asset Management LLC increased its stake in Launch One Acquisition by 32.3% in the 1st quarter. Wolverine Asset Management LLC now owns 675,755 shares of the company's stock worth $6,899,000 after purchasing an additional 164,864 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new stake in Launch One Acquisition during the 4th quarter worth about $1,507,000. Finally, Toronto Dominion Bank purchased a new stake in Launch One Acquisition during the fourth quarter valued at about $907,000.
About Launch One Acquisition
(
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Launch One Acquisition Corp. is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Launch One Acquisition Corp. is based in New York.
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