UY Scuti Acquisition (NASDAQ:UYSC) Shares Up 0.1% – Here’s What Happened

UY Scuti Acquisition Corp. (NASDAQ:UYSC)’s stock price traded up 0.1% during trading on Monday . The stock traded as high as $10.26 and last traded at $10.26. 1,913 shares were traded during mid-day trading, The stock had previously closed at $10.25.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of UY Scuti Acquisition in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

UY Scuti Acquisition Stock Performance

The business’s 50 day moving average is $10.22 and its two-hundred day moving average is $10.15.

Institutional Trading of UY Scuti Acquisition

Several institutional investors have recently made changes to their positions in UYSC. Susquehanna International Group LLP bought a new stake in UY Scuti Acquisition during the 3rd quarter valued at approximately $104,000. Warberg Asset Management LLC purchased a new stake in UY Scuti Acquisition during the 2nd quarter valued at approximately $147,000. Concurrent Investment Advisors LLC bought a new stake in shares of UY Scuti Acquisition during the third quarter valued at approximately $203,000. Gabelli Funds LLC bought a new stake in shares of UY Scuti Acquisition during the third quarter valued at approximately $428,000. Finally, Clear Street Group Inc. purchased a new position in shares of UY Scuti Acquisition in the third quarter worth $448,000.

About UY Scuti Acquisition

UY Scuti Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in Delaware in 2021. It completed its initial public offering on the Nasdaq under the ticker symbol UYSC, raising capital through the sale of units composed of common stock and warrants. As a blank check company, UY Scuti Acquisition holds the IPO proceeds in a trust account while it seeks a suitable business combination.

The firm’s principal objective is to effect a merger, capital stock exchange, asset acquisition or similar business combination with one or more businesses.