Launch One Acquisition (NASDAQ:LPAAU) Stock Price Up 2% – Should You Buy?

Launch One Acquisition Corp. (NASDAQ:LPAAU) traded up 2% on Monday . The stock traded as high as $10.94 and last traded at $10.94. 100 shares were traded during mid-day trading, a decline of 91% from the average session volume of 1,100 shares. The stock had previously closed at $10.73.

Launch One Acquisition Trading Up 2.0%

The stock has a 50-day simple moving average of $10.72 and a 200 day simple moving average of $10.71.

Institutional Investors Weigh In On Launch One Acquisition

A hedge fund recently raised its stake in Launch One Acquisition stock. Clear Street LLC raised its holdings in shares of Launch One Acquisition Corp. (NASDAQ:LPAAU) by 517.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,319 shares of the company’s stock after acquiring an additional 12,001 shares during the quarter. Clear Street LLC’s holdings in Launch One Acquisition were worth $151,000 as of its most recent filing with the Securities and Exchange Commission.

About Launch One Acquisition

LaunchOne Acquisition (NASDAQ:LPAAU) is a special purpose acquisition company incorporated in Delaware in 2022. As a blank-check vehicle, it raises capital through an initial public offering of units, each consisting of one Class A ordinary share and a fraction of a warrant, with the objective of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or other business combination with one or more businesses.

The company’s management team brings experience in private equity, growth investing and capital markets.