Charlton Aria Acquisition (NASDAQ:CHAR) Shares Down 0.3% – What’s Next?

Charlton Aria Acquisition Corp (NASDAQ:CHAR)’s share price traded down 0.3% on Thursday . The company traded as low as $10.53 and last traded at $10.53. 2 shares were traded during trading, a decline of 100% from the average session volume of 31,672 shares. The stock had previously closed at $10.56.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings started coverage on Charlton Aria Acquisition in a research note on Monday, January 26th. They issued a “sell (d)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Charlton Aria Acquisition has an average rating of “Sell”.

Charlton Aria Acquisition Price Performance

Institutional Trading of Charlton Aria Acquisition

Large investors have recently made changes to their positions in the company. Glazer Capital LLC increased its position in Charlton Aria Acquisition by 5.3% in the 4th quarter. Glazer Capital LLC now owns 50,242 shares of the company’s stock valued at $526,000 after buying an additional 2,528 shares in the last quarter. ABC Arbitrage SA bought a new stake in shares of Charlton Aria Acquisition during the fourth quarter valued at approximately $209,000. Finally, Clear Street Group Inc. raised its position in shares of Charlton Aria Acquisition by 277.6% during the fourth quarter. Clear Street Group Inc. now owns 116,977 shares of the company’s stock worth $1,222,000 after purchasing an additional 86,000 shares during the period.

Charlton Aria Acquisition Corp. (NASDAQ: CHAR) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank-check vehicle, its primary business purpose is to identify, negotiate and complete a business combination, merger, capital stock exchange, asset acquisition or similar transaction with one or more operating businesses. SPACs such as Charlton Aria raise capital through public offerings and seek to use those proceeds to acquire a private company and take it public through the combination.

Like other SPACs, Charlton Aria’s principal activities center on sourcing potential targets, conducting due diligence, negotiating transaction terms and securing shareholder and regulatory approvals for a proposed business combination.