Launch One Acquisition (NASDAQ:LPAA) Shares Climb 0.2% – Time to Buy?

Launch One Acquisition Corp. (NASDAQ:LPAA) shares traded up 0.2% during mid-day trading on Monday. The stock traded as high as $10.91 and last traded at $10.9350. 28,796 shares changed hands during trading, an increase of 818% from the average daily volume of 3,138 shares. The stock had previously closed at $10.91.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Launch One Acquisition from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Launch One Acquisition Stock Up 0.1%

The stock’s fifty day simple moving average is $10.82 and its 200 day simple moving average is $10.82.

Hedge Funds Weigh In On Launch One Acquisition

A hedge fund recently raised its position in Launch One Acquisition stock. Berkley W R Corp boosted its stake in shares of Launch One Acquisition Corp. (NASDAQ:LPAA) by 4.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,487,125 shares of the company’s stock after buying an additional 63,835 shares during the period. Launch One Acquisition accounts for 0.9% of Berkley W R Corp’s investment portfolio, making the stock its 23rd largest position. Berkley W R Corp owned 5.17% of Launch One Acquisition worth $15,927,000 as of its most recent filing with the SEC.

Launch One Acquisition Company Profile