Sizzle Acquisition Corp. II (NASDAQ:SZZL) Trading Down 0.1% – Time to Sell?

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

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of 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 currently has a consensus rating of “Sell”.

Sizzle Acquisition Corp. II Stock Performance

The stock has a 50-day moving average of $10.34 and a 200 day moving average of $10.28.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SZZL. Karpus Management Inc. acquired a new stake in shares of Sizzle Acquisition Corp. II in the second quarter valued at approximately $1,869,000. Shaolin Capital Management LLC acquired a new stake in shares of Sizzle Acquisition Corp. II during the second quarter valued at about $5,528,000. Whitebox Advisors LLC bought a new stake in Sizzle Acquisition Corp. II during the 2nd quarter worth approximately $6,532,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in shares of Sizzle Acquisition Corp. II in the second quarter worth $17,588,000. Finally, LMR Partners LLP bought a new stake in shares of Sizzle Acquisition Corp. II in the 2nd quarter valued at about $4,020,000.

Sizzle Acquisition Corp. II 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.