Indigo Acquisition (NASDAQ:INACU) Stock Price Down 0.5% – Here’s What Happened

Indigo Acquisition Corp. (NASDAQ:INACU) shares traded down 0.5% on Friday . The stock traded as low as $10.22 and last traded at $10.22. 500 shares changed hands during trading, a decline of 34% from the average session volume of 760 shares. The stock had previously closed at $10.27.

Indigo Acquisition Stock Performance

The firm has a 50 day moving average price of $10.26 and a two-hundred day moving average price of $10.21.

Institutional Investors Weigh In On Indigo Acquisition

Large investors have recently modified their holdings of the stock. Bulldog Investors LLP bought a new stake in shares of Indigo Acquisition during the 3rd quarter worth $192,000. Citadel Advisors LLC purchased a new stake in shares of Indigo Acquisition in the third quarter valued at $199,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Indigo Acquisition in the third quarter valued at $202,000. Susquehanna International Group LLP purchased a new stake in shares of Indigo Acquisition in the third quarter valued at $215,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Indigo Acquisition in the third quarter valued at $253,000.

Indigo Acquisition Company Profile

Indigo Acquisition Corp. is a blank check company incorporated in Delaware and listed on the Nasdaq under the ticker INACU. The company was formed for the purpose of effecting a business combination, such as a merger, capital stock exchange, asset acquisition or similar transaction, with one or more target businesses.

While Indigo Acquisition has not yet announced a definitive combination, it is structured to seek opportunities in sectors aligned with the expertise of its sponsor, including aerospace, aviation and related industries.