Launch One Acquisition (NASDAQ:LPAA) Trading Down 0.2% – Time to Sell?

Launch One Acquisition Corp. (NASDAQ:LPAA)’s share price fell 0.2% during trading on Thursday . The company traded as low as $10.40 and last traded at $10.40. 101,206 shares were traded during mid-day trading, an increase of 41% from the average session volume of 71,528 shares. The stock had previously closed at $10.42.

Launch One Acquisition Price Performance

The stock has a 50 day simple moving average of $10.36 and a 200 day simple moving average of $10.21.

Hedge Funds Weigh In On Launch One Acquisition

Hedge funds have recently made changes to their positions in the business. Quarry LP purchased a new stake in Launch One Acquisition in the first quarter worth $1,532,000. Mizuho Securities USA LLC purchased a new stake in Launch One Acquisition in the first quarter worth $2,791,000. Wolverine Asset Management LLC grew its stake in Launch One Acquisition by 32.3% in the first quarter. Wolverine Asset Management LLC now owns 675,755 shares of the company’s stock worth $6,899,000 after purchasing an additional 164,864 shares during the period. Polar Asset Management Partners Inc. purchased a new stake in Launch One Acquisition in the fourth quarter worth $1,507,000. Finally, Toronto Dominion Bank purchased a new stake in Launch One Acquisition in the fourth quarter worth $907,000.

About Launch One Acquisition

Launch One Acquisition Corp. is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Launch One Acquisition Corp. is based in New York.