Lake Superior Acquisition (NASDAQ:LKSPU) Trading Up 0.1% – What’s Next?

Shares of Lake Superior Acquisition Corp (NASDAQ:LKSPU) were up 0.1% during trading on Wednesday . The company traded as high as $10.17 and last traded at $10.13. Approximately 96 shares traded hands during trading, a decline of 99% from the average daily volume of 8,531 shares. The stock had previously closed at $10.12.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on shares of Lake Superior Acquisition in a report on Wednesday, December 31st. They issued a “sell (e-)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lake Superior Acquisition presently has an average rating of “Sell”.

Lake Superior Acquisition Stock Up 0.1%

The stock has a fifty day moving average price of $10.19.

Institutional Trading of Lake Superior Acquisition

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC bought a new position in Lake Superior Acquisition during the 4th quarter worth approximately $110,000. Stoic Point Capital Management LLC bought a new position in Lake Superior Acquisition during the fourth quarter worth $161,000. Quarry LP bought a new position in Lake Superior Acquisition during the fourth quarter worth $331,000. Clear Street Group Inc. acquired a new position in Lake Superior Acquisition in the fourth quarter valued at $797,000. Finally, Toronto Dominion Bank bought a new stake in Lake Superior Acquisition during the fourth quarter valued at $1,028,000.

About Lake Superior Acquisition

We are a blank check company, incorporated as a British Virgin Islands business company whose business purpose is to effect a merger, 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. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.