Silver Pegasus Acquisition (NASDAQ:SPEGU) Stock Price Up 1.4% – What’s Next?

Silver Pegasus Acquisition Corp. (NASDAQ:SPEGU)’s stock price was up 1.4% during trading on Thursday . The stock traded as high as $10.49 and last traded at $10.49. Approximately 4 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 2,030 shares. The stock had previously closed at $10.35.

Silver Pegasus Acquisition Trading Up 1.4%

The company has a 50-day moving average price of $10.39.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Clear Street Group Inc. bought a new stake in Silver Pegasus Acquisition during the 3rd quarter worth approximately $84,000. Citadel Advisors LLC acquired a new position in Silver Pegasus Acquisition in the third quarter worth $144,000. BCK Capital Management LP bought a new stake in shares of Silver Pegasus Acquisition during the third quarter worth $526,000. Gabelli Funds LLC bought a new stake in shares of Silver Pegasus Acquisition during the third quarter worth $806,000. Finally, Yakira Capital Management Inc. acquired a new stake in shares of Silver Pegasus Acquisition in the third quarter valued at $814,000.

Silver Pegasus Acquisition Company Profile

Silver Pegasus Acquisition Corporation is a blank check company incorporated as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Listed on the Nasdaq under the ticker SPEGU, the company raises capital through an initial public offering of units, with the net proceeds held in a trust account until a qualifying business combination is completed.

The company’s management team brings experience in corporate finance, mergers and acquisitions, and strategic advisory services.