International Media Acquisition Corp. (NASDAQ:IMAQ – Get Free Report)’s stock price traded up 0.1% during trading on Wednesday . The stock traded as high as $11.30 and last traded at $11.30. 382 shares traded hands during trading, a decline of 93% from the average session volume of 5,498 shares. The stock had previously closed at $11.29.
International Media Acquisition Stock Performance
The company has a 50 day moving average price of $11.29 and a 200 day moving average price of $10.96.
Institutional Investors Weigh In On International Media Acquisition
Institutional investors have recently modified their holdings of the company. Polar Asset Management Partners Inc. lifted its stake in International Media Acquisition by 47.6% in the 2nd quarter. Polar Asset Management Partners Inc. now owns 1,033,400 shares of the company’s stock valued at $2,161,000 after buying an additional 333,400 shares in the last quarter. Caas Capital Management LP raised its holdings in International Media Acquisition by 80.2% in the 2nd quarter. Caas Capital Management LP now owns 62,465 shares of the company’s stock valued at $672,000 after acquiring an additional 27,799 shares during the last quarter. Cowen AND Company LLC acquired a new position in International Media Acquisition in the 2nd quarter valued at $427,000. SkyView Investment Advisors LLC acquired a new position in International Media Acquisition in the 1st quarter valued at $827,000. Finally, Cubist Systematic Strategies LLC acquired a new position in International Media Acquisition in the 1st quarter valued at $669,000. Hedge funds and other institutional investors own 25.20% of the company’s stock.
International Media Acquisition Company Profile
International Media Acquisition Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the media and entertainment sector. International Media Acquisition Corp.
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