Calisa Acquisition (NASDAQ:ALISU) Trading 5.8% Higher – Still a Buy?

Shares of Calisa Acquisition Corp (NASDAQ:ALISU) rose 5.8% during trading on Friday . The company traded as high as $11.11 and last traded at $11.11. Approximately 300 shares were traded during trading, a decline of 83% from the average daily volume of 1,730 shares. The stock had previously closed at $10.50.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Calisa Acquisition to a “hold” rating in a research report on Monday, November 3rd.

Calisa Acquisition Stock Performance

The business has a fifty day moving average of $10.61.

Institutional Trading of Calisa Acquisition

Several institutional investors and hedge funds have recently modified their holdings of ALISU. Wealthspring Capital LLC bought a new position in Calisa Acquisition in the 4th quarter worth $2,876,000. Westchester Capital Management LLC purchased a new position in shares of Calisa Acquisition in the fourth quarter valued at about $165,000. Clear Street Group Inc. bought a new position in shares of Calisa Acquisition in the fourth quarter worth about $162,000. Evercore Wealth Management LLC bought a new position in shares of Calisa Acquisition in the fourth quarter worth about $173,000. Finally, Heights Capital Management Inc. bought a new stake in Calisa Acquisition during the 4th quarter valued at approximately $784,000.

Calisa Acquisition Company Profile

We are a blank check company incorporated on March 11, 2024, as a Cayman Islands exempted company for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination, which we refer to throughout this prospectus as our “business combination” or “initial business combination,” with one or more businesses or entities, which we refer to throughout this prospectus as a “target business” or “target businesses”. Although we are not limited to target businesses in any specific industry or geographic location, we intend to initially focus our search on target businesses in Asia.