Calisa Acquisition (NASDAQ:ALIS) Trading Up 0.1% – Here’s What Happened

Shares of Calisa Acquisition Corp (NASDAQ:ALIS) were up 0.1% on Thursday . The company traded as high as $10.10 and last traded at $10.0860. Approximately 560 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 20,798 shares. The stock had previously closed at $10.08.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Calisa Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Calisa Acquisition Price Performance

The stock has a fifty day simple moving average of $10.04.

Calisa Acquisition (NASDAQ:ALIS) last released its quarterly earnings results on Wednesday, March 25th. The company reported $0.11 EPS for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ALIS. StoneX Group Inc. purchased a new position in shares of Calisa Acquisition during the 4th quarter worth approximately $837,000. Glazer Capital LLC purchased a new position in shares of Calisa Acquisition during the 4th quarter worth approximately $2,953,000. Berkley W R Corp purchased a new position in shares of Calisa Acquisition during the 4th quarter worth approximately $1,477,000. Westchester Capital Management LLC purchased a new position in shares of Calisa Acquisition during the 4th quarter worth approximately $3,524,000. Finally, Clear Street Group Inc. purchased a new position in shares of Calisa Acquisition during the 4th quarter worth approximately $3,985,000.

About Calisa Acquisition

Calisa Acquisition (NASDAQ: ALIS) is a special purpose acquisition company (SPAC) that is publicly traded on the Nasdaq stock exchange. As a blank‑check vehicle, its primary corporate purpose is to identify, negotiate and complete one or more business combinations, such as mergers, share exchanges, asset acquisitions, or similar transactions that would result in a privately held company becoming publicly listed through the SPAC structure.

Like other SPACs, Calisa Acquisition typically raises capital through an initial public offering and holds those proceeds in a trust account while it evaluates potential target companies.