Calisa Acquisition (NASDAQ:ALIS) Stock Price Down 0.2% – Here’s What Happened

Calisa Acquisition Corp (NASDAQ:ALIS)’s stock price was down 0.2% during mid-day trading on Tuesday . The company traded as low as $10.17 and last traded at $10.1710. Approximately 5,681 shares changed hands during trading, a decline of 76% from the average session volume of 23,564 shares. The stock had previously closed at $10.19.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Calisa Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Calisa Acquisition has a consensus rating of “Sell”.

Calisa Acquisition Trading Down 0.2%

The stock has a fifty day simple moving average of $10.12.

Calisa Acquisition (NASDAQ:ALIS) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.01) EPS for the quarter.

Institutional Trading of Calisa Acquisition

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALIS. Evercore Wealth Management LLC purchased a new position in Calisa Acquisition in the 1st quarter worth approximately $166,000. Virtu Financial LLC bought a new stake in shares of Calisa Acquisition during the fourth quarter valued at approximately $187,000. StoneX Group Inc. bought a new stake in shares of Calisa Acquisition during the fourth quarter valued at approximately $837,000. Boothbay Fund Management LLC purchased a new position in shares of Calisa Acquisition in the fourth quarter worth $894,000. Finally, Radcliffe Capital Management L.P. purchased a new position in shares of Calisa Acquisition in the fourth quarter worth $1,241,000.

About Calisa Acquisition

Calisa Acquisition (NASDAQ: ALIS) is a special purpose acquisition company (SPAC) that is publicly traded on the Nasdaq stock exchange. As a blank‑check vehicle, its primary corporate purpose is to identify, negotiate and complete one or more business combinations, such as mergers, share exchanges, asset acquisitions, or similar transactions that would result in a privately held company becoming publicly listed through the SPAC structure.

Like other SPACs, Calisa Acquisition typically raises capital through an initial public offering and holds those proceeds in a trust account while it evaluates potential target companies.