Spark I Acquisition Corporation (NASDAQ:SPKL - Get Free Report) shares shot up 0% on Friday . The company traded as high as $10.89 and last traded at $10.88. 11,356 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 31,414 shares. The stock had previously closed at $10.87.
Spark I Acquisition Price Performance
The stock's 50-day simple moving average is $10.85 and its two-hundred day simple moving average is $10.75.
Hedge Funds Weigh In On Spark I Acquisition
A number of hedge funds have recently modified their holdings of the company. Mizuho Securities USA LLC boosted its position in shares of Spark I Acquisition by 137.4% in the first quarter. Mizuho Securities USA LLC now owns 362,265 shares of the company's stock worth $3,876,000 after purchasing an additional 209,642 shares during the period. Wolverine Asset Management LLC boosted its position in shares of Spark I Acquisition by 43.4% in the first quarter. Wolverine Asset Management LLC now owns 682,588 shares of the company's stock worth $7,379,000 after purchasing an additional 206,713 shares during the period. Toronto Dominion Bank purchased a new position in shares of Spark I Acquisition in the fourth quarter worth $5,320,000. D. E. Shaw & Co. Inc. lifted its holdings in shares of Spark I Acquisition by 12.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 175,145 shares of the company's stock worth $1,864,000 after buying an additional 18,952 shares in the last quarter. Finally, Bulldog Investors LLP lifted its holdings in shares of Spark I Acquisition by 46.6% in 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. 34.90% of the stock is currently owned by institutional investors.
Spark I Acquisition Company Profile
(
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.
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