Launch One Acquisition (NASDAQ:LPAAU) Stock Price Up 0.3% – Time to Buy?

Launch One Acquisition Corp. (NASDAQ:LPAAU) shares rose 0.3% on Thursday . The stock traded as high as $10.66 and last traded at $10.66. Approximately 400 shares changed hands during trading, a decline of 89% from the average daily volume of 3,524 shares. The stock had previously closed at $10.63.

Launch One Acquisition Stock Performance

The business has a fifty day simple moving average of $10.72 and a 200 day simple moving average of $10.74.

Hedge Funds Weigh In On Launch One Acquisition

A hedge fund recently raised its stake in Launch One Acquisition stock. Clear Street LLC increased its stake in Launch One Acquisition Corp. (NASDAQ:LPAAU) by 517.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,319 shares of the company’s stock after purchasing an additional 12,001 shares during the quarter. Clear Street LLC’s holdings in Launch One Acquisition were worth $151,000 at the end of the most recent quarter.

Launch One Acquisition Company Profile

We are a blank check company incorporated on February 21, 2024 as a Cayman Islands exempted company and 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, which we refer to throughout this prospectus as our initial business combination.