Silver Pegasus Acquisition (NASDAQ:SPEGU) Stock Price Up 1.4% – Should You Buy?

Silver Pegasus Acquisition Corp. (NASDAQ:SPEGU) shot up 1.4% during mid-day trading on Thursday . The company traded as high as $10.49 and last traded at $10.49. 4 shares were traded during trading, a decline of 100% from the average session volume of 2,030 shares. The stock had previously closed at $10.35.

Silver Pegasus Acquisition Price Performance

The business’s 50 day simple moving average is $10.39.

Institutional Trading of Silver Pegasus Acquisition

Several institutional investors have recently added to or reduced their stakes in the company. Heights Capital Management Inc. purchased a new stake in Silver Pegasus Acquisition in the third quarter worth about $2,038,000. Citadel Advisors LLC purchased a new stake in shares of Silver Pegasus Acquisition in the 3rd quarter worth approximately $144,000. Clear Street Group Inc. bought a new position in shares of Silver Pegasus Acquisition during the third quarter valued at approximately $84,000. Bulldog Investors LLP purchased a new position in Silver Pegasus Acquisition during the third quarter valued at approximately $2,434,000. Finally, Boothbay Fund Management LLC bought a new position in Silver Pegasus Acquisition in the third quarter worth approximately $1,017,000.

Silver Pegasus Acquisition Company Profile

Silver Pegasus Acquisition Corporation is a blank check company incorporated as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Listed on the Nasdaq under the ticker SPEGU, the company raises capital through an initial public offering of units, with the net proceeds held in a trust account until a qualifying business combination is completed.

The company’s management team brings experience in corporate finance, mergers and acquisitions, and strategic advisory services.