Indigo Acquisition (NASDAQ:INACU) Shares Up 8.2% – Should You Buy?

Indigo Acquisition Corp. (NASDAQ:INACU) rose 8.2% during mid-day trading on Tuesday . The company traded as high as $10.33 and last traded at $11.18. 100 shares changed hands during trading, a decline of 88% from the average session volume of 800 shares. The stock had previously closed at $10.33.

Indigo Acquisition Stock Up 8.2%

The business has a fifty day moving average of $10.46 and a 200 day moving average of $10.33.

Hedge Funds Weigh In On Indigo Acquisition

A number of institutional investors have recently made changes to their positions in INACU. Citadel Advisors LLC purchased a new position in shares of Indigo Acquisition during the 3rd quarter valued at approximately $199,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Indigo Acquisition in the third quarter worth $202,000. Susquehanna International Group LLP acquired a new stake in Indigo Acquisition in the third quarter valued at $215,000. JPMorgan Chase & Co. acquired a new stake in Indigo Acquisition in the third quarter valued at $253,000. Finally, Parallax Volatility Advisers L.P. bought a new position in Indigo Acquisition during the 3rd quarter valued at $542,000.

About Indigo Acquisition

Indigo Acquisition Corp. is a blank check company incorporated in Delaware and listed on the Nasdaq under the ticker INACU. The company was formed for the purpose of effecting a business combination, such as a merger, capital stock exchange, asset acquisition or similar transaction, with one or more target businesses.

While Indigo Acquisition has not yet announced a definitive combination, it is structured to seek opportunities in sectors aligned with the expertise of its sponsor, including aerospace, aviation and related industries.