Spark I Acquisition (NASDAQ:SPKL) Trading Up 1.1% – Here’s What Happened

Spark I Acquisition Corporation (NASDAQ:SPKL) shot up 1.1% on Thursday . The company traded as high as $11.45 and last traded at $11.50. 4,120 shares were traded during mid-day trading, a decline of 66% from the average session volume of 11,977 shares. The stock had previously closed at $11.37.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Spark I Acquisition in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Spark I Acquisition Price Performance

The stock’s 50 day moving average is $11.37 and its two-hundred day moving average is $11.06.

Institutional Trading of Spark I Acquisition

Large investors have recently added to or reduced their stakes in the company. Radcliffe Capital Management L.P. bought a new stake in Spark I Acquisition during the second quarter worth about $531,000. StoneX Group Inc. bought a new stake in Spark I Acquisition during the second quarter worth about $700,000. Alberta Investment Management Corp bought a new stake in Spark I Acquisition during the second quarter worth about $1,635,000. Mizuho Securities USA LLC grew its stake in Spark I Acquisition by 137.4% during the first quarter. Mizuho Securities USA LLC now owns 362,265 shares of the company’s stock worth $3,876,000 after buying an additional 209,642 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its stake in Spark I Acquisition by 43.4% during the first quarter. Wolverine Asset Management LLC now owns 682,588 shares of the company’s stock worth $7,379,000 after buying an additional 206,713 shares during the last quarter. 34.90% of the stock is owned by institutional investors.

About Spark I Acquisition

Spark I Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar combination with one or more businesses or assets. The company was incorporated in 2021 and is based in Palo Alto, California.