Silver Pegasus Acquisition (NASDAQ:SPEGU) Trading Up 1.1% – What’s Next?

Shares of Silver Pegasus Acquisition Corp. (NASDAQ:SPEGU) traded up 1.1% on Monday . The stock traded as high as $10.48 and last traded at $10.60. 30 shares traded hands during trading, a decline of 99% from the average session volume of 5,663 shares. The stock had previously closed at $10.48.

Silver Pegasus Acquisition Trading Up 1.1%

The stock’s fifty day simple moving average is $10.58 and its two-hundred day simple moving average is $10.60.

Institutional Investors Weigh In On Silver Pegasus Acquisition

Several institutional investors and hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC bought a new position in Silver Pegasus Acquisition in the third quarter worth about $144,000. Clear Street Group Inc. grew its holdings in shares of Silver Pegasus Acquisition by 280.9% during the fourth quarter. Clear Street Group Inc. now owns 31,354 shares of the company’s stock valued at $323,000 after purchasing an additional 23,122 shares during the last quarter. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Silver Pegasus Acquisition during the 3rd quarter worth approximately $1,017,000.

About Silver Pegasus Acquisition

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.