Sizzle Acquisition Corp. II (NASDAQ:SZZL) Stock Price Up 0.2% – Here’s Why

Shares of Sizzle Acquisition Corp. II (NASDAQ:SZZL) rose 0.2% during mid-day trading on Monday . The company traded as high as $10.36 and last traded at $10.36. Approximately 22,247 shares were traded during mid-day trading, a decline of 8% from the average daily volume of 24,261 shares. The stock had previously closed at $10.34.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Sizzle Acquisition Corp. II from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Sizzle Acquisition Corp. II Stock Up 0.2%

The business has a 50 day moving average price of $10.30 and a 200-day moving average price of $10.25.

Sizzle Acquisition Corp. II (NASDAQ:SZZL) last posted its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Wolverine Asset Management LLC raised its stake in Sizzle Acquisition Corp. II by 23.6% during the 4th quarter. Wolverine Asset Management LLC now owns 1,001,497 shares of the company’s stock valued at $10,175,000 after acquiring an additional 191,078 shares in the last quarter. Clear Street Group Inc. bought a new stake in Sizzle Acquisition Corp. II during the 3rd quarter valued at $1,462,000. Bulldog Investors LLP raised its stake in Sizzle Acquisition Corp. II by 241.9% during the 3rd quarter. Bulldog Investors LLP now owns 172,988 shares of the company’s stock valued at $1,744,000 after acquiring an additional 122,388 shares in the last quarter. Mangrove Partners IM LLC raised its stake in Sizzle Acquisition Corp. II by 417.4% during the 3rd quarter. Mangrove Partners IM LLC now owns 450,000 shares of the company’s stock valued at $4,536,000 after acquiring an additional 363,027 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in Sizzle Acquisition Corp. II during the 3rd quarter valued at $5,041,000.

About Sizzle Acquisition Corp. II

Sizzle Acquisition Corp. does not have significant operations. The company intends to focus on entering into merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It focuses on investing in the restaurant, hospitality, food and beverage, retail, consumer, food and food related technology, and real estate industries. The company was incorporated in 2020 and is based in Washington, the District of Columbia.