Spark I Acquisition (NASDAQ:SPKLU) Shares Down 0.6% – Here’s What Happened

Shares of Spark I Acquisition Co. (NASDAQ:SPKLU) traded down 0.6% on Thursday . The stock traded as low as $11.12 and last traded at $11.12. 800 shares traded hands during mid-day trading, an increase of 53% from the average session volume of 522 shares. The stock had previously closed at $11.19.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Spark I Acquisition in a report on Tuesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Spark I Acquisition Trading Down 0.6%

The stock’s 50 day simple moving average is $10.92 and its two-hundred day simple moving average is $10.85.

Hedge Funds Weigh In On Spark I Acquisition

A hedge fund recently bought a new stake in Spark I Acquisition stock. Clear Street Group Inc. purchased a new position in Spark I Acquisition Co. (NASDAQ:SPKLU) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 17,973 shares of the company’s stock, valued at approximately $193,000.

About Spark I Acquisition

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.