Alpha Star Acquisition (NASDAQ:ALSA) Shares Down 0.2% – Here’s What Happened

Alpha Star Acquisition Co. (NASDAQ:ALSA)’s share price fell 0.2% during trading on Thursday . The company traded as low as $11.73 and last traded at $11.73. 2,711 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 38,354 shares. The stock had previously closed at $11.75.

Alpha Star Acquisition Stock Down 0.2 %

The firm has a fifty day simple moving average of $11.82 and a two-hundred day simple moving average of $11.64.

Hedge Funds Weigh In On Alpha Star Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Mizuho Securities USA LLC increased its stake in Alpha Star Acquisition by 30.9% during the 1st quarter. Mizuho Securities USA LLC now owns 261,849 shares of the company’s stock valued at $2,933,000 after purchasing an additional 61,849 shares in the last quarter. Berkley W R Corp grew its holdings in shares of Alpha Star Acquisition by 3.2% during the second quarter. Berkley W R Corp now owns 413,927 shares of the company’s stock valued at $4,785,000 after buying an additional 12,810 shares during the last quarter. Finally, Clear Street LLC purchased a new stake in shares of Alpha Star Acquisition during the second quarter valued at $52,000. 65.12% of the stock is owned by hedge funds and other institutional investors.

Alpha Star Acquisition Company Profile

Alpha Star Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in clean energy, internet and high technology, financial technology, health care, consumer and retail, energy and resources, manufacturing, and education sectors in Asia.