Spark I Acquisition (NASDAQ:SPKLU) Shares Down 1.9% – Time to Sell?

Spark I Acquisition Co. (NASDAQ:SPKLU)’s share price was down 1.9% on Friday . The stock traded as low as $11.12 and last traded at $11.12. Approximately 847 shares traded hands during trading, an increase of 62% from the average daily volume of 522 shares. The stock had previously closed at $11.34.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Spark I Acquisition in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Spark I Acquisition Trading Down 1.9%

The company’s 50-day moving average is $10.80 and its 200-day moving average is $10.85.

Institutional Trading of Spark I Acquisition

An institutional investor recently bought a new position in Spark I Acquisition stock. Clear Street Group Inc. acquired a new position in Spark I Acquisition Co. (NASDAQ:SPKLU) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 17,973 shares of the company’s stock, valued at approximately $193,000.

Spark I Acquisition Company Profile

Spark I Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar combination with one or more businesses or assets. The company was incorporated in 2021 and is based in Palo Alto, California.