BEST SPAC I Acquisition Corp. (NASDAQ:BSAA – Get Free Report) shot up 0.2% during trading on Thursday . The company traded as high as $10.24 and last traded at $10.24. 101 shares traded hands during trading, a decline of 88% from the average session volume of 878 shares. The stock had previously closed at $10.22.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings began coverage on BEST SPAC I Acquisition in a report on Monday, January 26th. They issued a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.
View Our Latest Research Report on BSAA
BEST SPAC I Acquisition Stock Performance
Institutional Inflows and Outflows
BEST SPAC I Acquisition Company Profile
BEST SPAC I Acquisition Corp. (NASDAQ: BSAA) is a publicly traded special purpose acquisition company (SPAC) formed to identify, acquire and merge with one or more operating businesses. As a blank‑check company listed on the Nasdaq, its primary business activity is to seek a business combination that will result in the target becoming a publicly traded company through the SPAC vehicle.
Like other SPACs, BEST SPAC I is structured to raise capital from public investors and hold the proceeds in trust while management evaluates potential acquisition targets.
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