A Paradise Acquisition (NASDAQ:APAD) Trading Up 0.3% – Should You Buy?

A Paradise Acquisition Corp. (NASDAQ:APAD) rose 0.3% during trading on Thursday . The stock traded as high as $10.15 and last traded at $10.15. Approximately 16,739 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 62,785 shares. The stock had previously closed at $10.12.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on shares of A Paradise Acquisition in a report on Monday, January 26th. They issued a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, A Paradise Acquisition currently has an average rating of “Sell”.

A Paradise Acquisition Stock Up 0.3%

Institutional Trading of A Paradise Acquisition

Several institutional investors and hedge funds have recently added to or reduced their stakes in APAD. Picton Mahoney Asset Management acquired a new position in shares of A Paradise Acquisition during the 4th quarter worth about $1,005,000. Boothbay Fund Management LLC bought a new position in A Paradise Acquisition during the fourth quarter worth about $518,000. First Trust Capital Management L.P. acquired a new position in A Paradise Acquisition during the fourth quarter worth approximately $502,000. Geode Capital Management LLC bought a new stake in A Paradise Acquisition in the fourth quarter valued at approximately $263,000. Finally, HRT Financial LP acquired a new stake in shares of A Paradise Acquisition in the fourth quarter valued at approximately $249,000.

A Paradise Acquisition Company Profile

A Paradise Acquisition (NASDAQ: APAD) is a special-purpose acquisition company (SPAC), commonly referred to as a blank‑check company, that was formed to raise capital through a public listing with the purpose of effecting a business combination. As a SPAC, it does not operate an ongoing commercial business; instead, its primary activity is to identify, negotiate and complete a merger, share exchange, asset acquisition, recapitalization or other business combination with one or more target companies.

Like other acquisition companies, A Paradise Acquisition’s typical activities include sourcing potential targets, conducting due diligence and arranging the financing structures needed to complete a transaction.