Sizzle Acquisition (NASDAQ:SZZLU) Stock Price Up 0.4% – Time to Buy?

Sizzle Acquisition Corp. (NASDAQ:SZZLU) shot up 0.4% during mid-day trading on Monday . The stock traded as high as $10.89 and last traded at $10.50. 88 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 14,568 shares. The stock had previously closed at $10.46.

Sizzle Acquisition Price Performance

The firm’s fifty day simple moving average is $10.49 and its 200-day simple moving average is $10.41.

Institutional Trading of Sizzle Acquisition

Several institutional investors and hedge funds have recently modified their holdings of the business. Lineage Point Capital LP purchased a new stake in shares of Sizzle Acquisition in the fourth quarter valued at about $105,000. Clear Street Group Inc. lifted its holdings in shares of Sizzle Acquisition by 140.1% in the fourth quarter. Clear Street Group Inc. now owns 83,104 shares of the company’s stock valued at $854,000 after purchasing an additional 48,497 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Sizzle Acquisition in the second quarter valued at about $2,540,000.

Sizzle Acquisition Company Profile

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.