Championsgate Acquisition (NASDAQ:CHPG) Trading 0.3% Higher – Should You Buy?

Championsgate Acquisition Corp (NASDAQ:CHPG) shot up 0.3% during mid-day trading on Thursday . The stock traded as high as $10.27 and last traded at $10.27. 10 shares were traded during mid-day trading, a decline of 100% from the average session volume of 14,298 shares. The stock had previously closed at $10.24.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on shares of Championsgate Acquisition in a research note on Monday, January 26th. They set a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat, Championsgate Acquisition presently has an average rating of “Sell”.

Championsgate Acquisition Price Performance

Institutional Trading of Championsgate Acquisition

Hedge funds and other institutional investors have recently bought and sold shares of the company. ABC Arbitrage SA acquired a new position in Championsgate Acquisition in the 4th quarter valued at $255,000. HRT Financial LP purchased a new stake in shares of Championsgate Acquisition in the fourth quarter valued at $447,000. L1 Global Manager Pty Ltd acquired a new position in Championsgate Acquisition in the fourth quarter valued at $459,000. Stoic Point Capital Management LLC acquired a new position in Championsgate Acquisition in the fourth quarter valued at $685,000. Finally, Quarry LP purchased a new position in Championsgate Acquisition during the fourth quarter worth about $815,000.

About Championsgate Acquisition

Championsgate Acquisition (NASDAQ: CHPG) is a publicly traded special purpose acquisition company (SPAC) formed to raise capital and effect a business combination with one or more operational businesses. As a blank‑check acquisition vehicle, its primary corporate purpose is to identify, negotiate and complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination that would bring a private operating company into the public markets through the SPAC structure.

Like other SPACs, Championsgate Acquisition’s activities center on sourcing potential targets, conducting due diligence, structuring transaction terms and securing shareholder approval for proposed business combinations.