Calisa Acquisition (NASDAQ:ALISU) Shares Up 5.8% – Here’s Why

Calisa Acquisition Corp (NASDAQ:ALISU) shares rose 5.8% during trading on Friday . The stock traded as high as $11.11 and last traded at $11.11. Approximately 300 shares changed hands during trading, a decline of 83% from the average daily volume of 1,730 shares. The stock had previously closed at $10.50.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Calisa Acquisition to a “hold” rating in a report on Monday, November 3rd.

Calisa Acquisition Stock Performance

The business has a fifty day moving average of $10.61.

Institutional Trading of Calisa Acquisition

A number of hedge funds have recently bought and sold shares of ALISU. Lineage Point Capital LP bought a new position in Calisa Acquisition in the fourth quarter valued at about $104,000. Clear Street Group Inc. purchased a new stake in shares of Calisa Acquisition during the 4th quarter valued at about $162,000. Westchester Capital Management LLC bought a new position in shares of Calisa Acquisition in the 4th quarter worth approximately $165,000. Evercore Wealth Management LLC purchased a new position in shares of Calisa Acquisition in the fourth quarter worth approximately $173,000. Finally, Heights Capital Management Inc. purchased a new position in shares of Calisa Acquisition in the fourth quarter worth approximately $784,000.

Calisa Acquisition Company Profile

We are a blank check company incorporated on March 11, 2024, as a Cayman Islands exempted company for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination, which we refer to throughout this prospectus as our “business combination” or “initial business combination,” with one or more businesses or entities, which we refer to throughout this prospectus as a “target business” or “target businesses”. Although we are not limited to target businesses in any specific industry or geographic location, we intend to initially focus our search on target businesses in Asia.