Calisa Acquisition (NASDAQ:ALIS) Shares Down 0.2% – Here’s What Happened

Shares of Calisa Acquisition Corp (NASDAQ:ALIS) traded down 0.2% during trading on Tuesday . The stock traded as low as $10.17 and last traded at $10.1710. Approximately 5,681 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 23,564 shares. The stock had previously closed at $10.19.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Calisa Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Calisa Acquisition currently has a consensus rating of “Sell”.

Calisa Acquisition Stock Down 0.2%

The business has a 50 day moving average of $10.12.

Calisa Acquisition (NASDAQ:ALIS) last posted its earnings results on Friday, May 15th. The company reported ($0.01) EPS for the quarter.

Institutional Trading of Calisa Acquisition

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clear Street Group Inc. bought a new stake in shares of Calisa Acquisition during the 4th quarter worth approximately $3,985,000. Westchester Capital Management LLC bought a new position in Calisa Acquisition in the 4th quarter valued at $3,524,000. Sona Asset Management US LLC purchased a new stake in Calisa Acquisition in the first quarter worth $3,531,000. Aristeia Capital L.L.C. bought a new stake in shares of Calisa Acquisition during the fourth quarter worth $3,078,000. Finally, Rivernorth Capital Management LLC bought a new stake in shares of Calisa Acquisition during the first quarter worth $2,994,000.

Calisa Acquisition Company Profile

Calisa Acquisition (NASDAQ: ALIS) is a special purpose acquisition company (SPAC) that is publicly traded on the Nasdaq stock exchange. As a blank‑check vehicle, its primary corporate purpose is to identify, negotiate and complete one or more business combinations, such as mergers, share exchanges, asset acquisitions, or similar transactions that would result in a privately held company becoming publicly listed through the SPAC structure.

Like other SPACs, Calisa Acquisition typically raises capital through an initial public offering and holds those proceeds in a trust account while it evaluates potential target companies.