Flag Ship Acquisition (NASDAQ:FSHP) Stock Price Up 0.1% – Should You Buy?

Flag Ship Acquisition Corporation (NASDAQ:FSHP)’s share price rose 0.1% on Wednesday . The stock traded as high as $11.02 and last traded at $11.03. Approximately 1,160 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 3,154 shares. The stock had previously closed at $11.02.

Flag Ship Acquisition Stock Up 0.1%

The company has a fifty day moving average of $10.99 and a two-hundred day moving average of $10.86.

Institutional Trading of Flag Ship Acquisition

Several hedge funds and other institutional investors have recently bought and sold shares of FSHP. Crossingbridge Advisors LLC bought a new stake in Flag Ship Acquisition in the third quarter valued at about $1,415,000. Clear Street Group Inc. bought a new stake in Flag Ship Acquisition in the third quarter valued at about $77,000. Toronto Dominion Bank bought a new stake in Flag Ship Acquisition in the fourth quarter valued at about $37,000. Finally, Berkley W R Corp increased its holdings in Flag Ship Acquisition by 8.4% in the first quarter. Berkley W R Corp now owns 434,420 shares of the company’s stock valued at $4,748,000 after buying an additional 33,482 shares during the last quarter.

About Flag Ship Acquisition

Flag Ship Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization with one or more businesses. The company intends to acquire businesses in Internet and high technology, financial technology, clean energy, health care, consumer and retail, energy and resources, food processing, manufacturing, and education sectors. Flag Ship Acquisition Corporation was incorporated in 2018 and is based in New York, New York.