Launch One Acquisition (NASDAQ:LPAAU) Stock Price Up 0.8% – Should You Buy?

Launch One Acquisition Corp. (NASDAQ:LPAAU)’s share price traded up 0.8% during mid-day trading on Tuesday . The company traded as high as $10.94 and last traded at $10.8190. 100 shares were traded during 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 Price Performance

The stock has a 50 day moving average of $10.77 and a two-hundred day moving average of $10.70.

Institutional Investors Weigh In On Launch One Acquisition

A hedge fund recently raised its stake in Launch One Acquisition stock. Clear Street Group Inc. boosted its position in shares of Launch One Acquisition Corp. (NASDAQ:LPAAU) by 95.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,334 shares of the company’s stock after purchasing an additional 14,331 shares during the period. Clear Street Group Inc.’s holdings in Launch One Acquisition were worth $313,000 at the end of the most recent reporting period.

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.