Lake Superior Acquisition (NASDAQ:LKSPU) Trading 0.2% Higher – Here’s What Happened

Lake Superior Acquisition Corp (NASDAQ:LKSPU)’s share price traded up 0.2% on Monday . The stock traded as high as $10.20 and last traded at $10.20. 99 shares traded hands during trading, a decline of 98% from the average session volume of 4,938 shares. The stock had previously closed at $10.18.

Analyst Ratings Changes

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

Lake Superior Acquisition Trading Up 0.2%

The firm’s 50 day moving average is $10.17.

Hedge Funds Weigh In On Lake Superior Acquisition

Large investors have recently bought and sold shares of the business. Rivernorth Capital Management LLC bought a new position in Lake Superior Acquisition in the fourth quarter worth approximately $3,036,000. Westchester Capital Management LLC bought a new position in Lake Superior Acquisition in the fourth quarter worth approximately $2,581,000. Toronto Dominion Bank bought a new position in Lake Superior Acquisition in the fourth quarter worth approximately $1,028,000. Quarry LP bought a new position in Lake Superior Acquisition in the fourth quarter worth approximately $331,000. Finally, Stoic Point Capital Management LLC bought a new position in Lake Superior Acquisition in the fourth quarter worth approximately $161,000.

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.