Spark I Acquisition (NASDAQ:SPKL – Get Free Report)‘s stock had its “sell (d)” rating reaffirmed by analysts at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.
Spark I Acquisition Trading Down 1.5%
Shares of SPKL opened at $11.47 on Friday. Spark I Acquisition has a one year low of $10.51 and a one year high of $12.01. The company has a 50-day moving average of $11.33 and a two-hundred day moving average of $11.04.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in SPKL. Wolverine Asset Management LLC boosted its holdings in shares of Spark I Acquisition by 43.4% in the first quarter. Wolverine Asset Management LLC now owns 682,588 shares of the company’s stock worth $7,379,000 after buying an additional 206,713 shares during the period. Mizuho Securities USA LLC boosted its holdings in shares of Spark I Acquisition by 137.4% during the first quarter. Mizuho Securities USA LLC now owns 362,265 shares of the company’s stock worth $3,876,000 after purchasing an additional 209,642 shares during the period. Alberta Investment Management Corp acquired a new stake in shares of Spark I Acquisition during the second quarter worth approximately $1,635,000. StoneX Group Inc. acquired a new stake in shares of Spark I Acquisition during the second quarter worth approximately $700,000. Finally, Berkley W R Corp boosted its holdings in shares of Spark I Acquisition by 558.6% during the second quarter. Berkley W R Corp now owns 983,347 shares of the company’s stock worth $10,718,000 after purchasing an additional 834,049 shares during the period. 34.90% of the stock is currently owned by institutional investors and hedge funds.
About Spark I Acquisition
Spark I Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar combination with one or more businesses or assets. The company was incorporated in 2021 and is based in Palo Alto, California.
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