Calisa Acquisition (NASDAQ:ALIS) Trading 0.2% Higher – Time to Buy?

Calisa Acquisition Corp (NASDAQ:ALIS) shares rose 0.2% on Monday . The company traded as high as $10.01 and last traded at $10.03. Approximately 1,464 shares changed hands during trading, a decline of 95% from the average daily volume of 31,669 shares. The stock had previously closed at $10.01.

Wall Street Analyst Weigh In

Separately, Weiss Ratings assumed coverage on Calisa Acquisition in a report on Tuesday, February 17th. They issued a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Calisa Acquisition Stock Performance

The firm’s 50 day moving average price is $10.00.

Institutional Trading of Calisa Acquisition

A number of institutional investors have recently made changes to their positions in ALIS. Lineage Point Capital LP bought a new position in shares of Calisa Acquisition in the fourth quarter valued at approximately $2,392,000. Virtu Financial LLC bought a new stake in Calisa Acquisition during the fourth quarter worth approximately $187,000. Toronto Dominion Bank bought a new stake in Calisa Acquisition during the fourth quarter worth approximately $2,561,000. Boothbay Fund Management LLC acquired a new stake in Calisa Acquisition in the fourth quarter worth approximately $894,000. Finally, Aristeia Capital L.L.C. bought a new position in Calisa Acquisition during the 4th quarter valued at $3,078,000.

Calisa Acquisition Company Profile

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.