Calisa Acquisition (NASDAQ:ALIS) Shares Down 0.2% – Should You Sell?

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

Wall Street Analyst Weigh In

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

Calisa Acquisition Stock Performance

The firm has a fifty day moving average of $10.12.

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

Institutional Investors Weigh In On Calisa Acquisition

Several large investors have recently modified their holdings of the business. Rivernorth Capital Management LLC bought a new stake in shares of Calisa Acquisition during the first quarter worth $2,994,000. Evercore Wealth Management LLC bought a new position in Calisa Acquisition in the first quarter valued at $166,000. Sona Asset Management US LLC acquired a new stake in Calisa Acquisition in the 1st quarter valued at $3,531,000. Berkley W R Corp lifted its position in Calisa Acquisition by 32.2% during the 1st quarter. Berkley W R Corp now owns 196,716 shares of the company’s stock worth $1,968,000 after buying an additional 47,931 shares in the last quarter. Finally, Lineage Point Capital LP bought a new stake in Calisa Acquisition during the 4th quarter worth about $2,392,000.

About Calisa Acquisition

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.