Miluna Acquisition Corp $MMTX Shares Sold by Context Capital Management LLC

Context Capital Management LLC lowered its position in Miluna Acquisition Corp (NASDAQ:MMTX) by 50.0% during the third quarter, HoldingsChannel.com reports. The fund owned 100,000 shares of the company’s stock after selling 100,000 shares during the quarter. Context Capital Management LLC’s holdings in Miluna Acquisition were worth $1,020,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Whitebox Advisors LLC purchased a new position in Miluna Acquisition in the 1st quarter valued at approximately $4,004,000. Polar Asset Management Partners Inc. acquired a new position in Miluna Acquisition during the first quarter worth $3,704,000. Finally, Sona Asset Management US LLC purchased a new stake in Miluna Acquisition during the first quarter worth $1,177,000.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Miluna Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has an average rating of “Sell”.

Miluna Acquisition Price Performance

Miluna Acquisition stock opened at $10.28 on Wednesday. The stock has a market cap of $90.75 million and a price-to-earnings ratio of 9,790.48. Miluna Acquisition Corp has a 52 week low of $9.88 and a 52 week high of $10.28. The stock has a 50-day simple moving average of $10.23.

Miluna Acquisition Company Profile

Miluna Acquisition Corporation (NASDAQ: MMTX) is a special purpose acquisition company, or SPAC. Rather than operating a conventional business that sells products or services, the company was formed to pursue a merger, acquisition, or similar business combination with one or more operating companies. Miluna Acquisition’s activities are primarily focused on identifying and evaluating potential acquisition targets, negotiating transaction terms, and completing a business combination. Until such a transaction is completed, the company generally does not have significant operating activities, commercial products, or established geographic markets.