IB Acquisition (NASDAQ:IBAC - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.
IB Acquisition Price Performance
NASDAQ IBAC opened at $10.49 on Wednesday. The company's fifty day simple moving average is $10.56 and its 200-day simple moving average is $10.46. IB Acquisition has a 52 week low of $10.01 and a 52 week high of $11.45.
Insider Activity at IB Acquisition
In other news, major shareholder Aqr Capital Management Holding sold 122,309 shares of the business's stock in a transaction on Monday, September 29th. The shares were sold at an average price of $10.50, for a total transaction of $1,284,244.50. Following the transaction, the insider directly owned 3,113 shares of the company's stock, valued at approximately $32,686.50. The trade was a 97.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Wolverine Asset Management LLC increased its stake in shares of IB Acquisition by 6.7% in the second quarter. Wolverine Asset Management LLC now owns 706,796 shares of the company's stock worth $7,400,000 after buying an additional 44,300 shares during the last quarter. Wealthspring Capital LLC increased its stake in shares of IB Acquisition by 82.0% in the second quarter. Wealthspring Capital LLC now owns 657,565 shares of the company's stock worth $6,865,000 after buying an additional 296,357 shares during the last quarter. Tabor Asset Management LP bought a new stake in shares of IB Acquisition in the first quarter worth $2,064,000. Quarry LP bought a new stake in shares of IB Acquisition in the first quarter worth $1,032,000. Finally, Clear Street LLC increased its stake in shares of IB Acquisition by 5,006.3% in the second quarter. Clear Street LLC now owns 28,544 shares of the company's stock worth $299,000 after buying an additional 27,985 shares during the last quarter.
IB Acquisition Company Profile
(
Get Free Report)
IB Acquisition Corp. is a blank check company. It formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses or entities. IB Acquisition Corp. is based in Boca Raton, Florida.
See Also
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