Sizzle Acquisition Corp. II (NASDAQ:SZZL) Stock Price Down 0.1% – Here’s Why

Sizzle Acquisition Corp. II (NASDAQ:SZZL)’s share price dropped 0.1% on Wednesday . The company traded as low as $10.37 and last traded at $10.38. 35,335 shares changed hands during mid-day trading, an increase of 17% from the average session volume of 30,241 shares. The stock had previously closed at $10.39.

Analyst Upgrades and Downgrades

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 investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Sizzle Acquisition Corp. II presently has a consensus rating of “Sell”.

Sizzle Acquisition Corp. II Price Performance

The company’s fifty day moving average is $10.34 and its 200 day moving average is $10.28.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Wolverine Asset Management LLC increased 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 worth $10,175,000 after buying an additional 191,078 shares during the period. Radcliffe Capital Management L.P. boosted its position in Sizzle Acquisition Corp. II by 14.5% in the 4th quarter. Radcliffe Capital Management L.P. now owns 489,484 shares of the company’s stock valued at $4,973,000 after buying an additional 62,039 shares during the last quarter. Clear Street Group Inc. acquired a new stake in shares of Sizzle Acquisition Corp. II during the third quarter valued at about $1,462,000. Bulldog Investors LLP grew its stake in shares of Sizzle Acquisition Corp. II by 241.9% during the third 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. Finally, Mangrove Partners IM LLC increased its position in shares of Sizzle Acquisition Corp. II by 417.4% during the third quarter. Mangrove Partners IM LLC now owns 450,000 shares of the company’s stock worth $4,536,000 after acquiring an additional 363,027 shares during the last quarter.

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.