Indigo Acquisition (NASDAQ:INACU) Trading 8.2% Higher – Time to Buy?

Shares of Indigo Acquisition Corp. (NASDAQ:INACU) were up 8.2% during trading on Tuesday . The stock 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 daily volume of 800 shares. The stock had previously closed at $10.33.

Indigo Acquisition Stock Up 0.4%

The stock’s fifty day moving average price is $10.46 and its two-hundred day moving average price is $10.33.

Institutional Trading of Indigo Acquisition

Several hedge funds have recently added to or reduced their stakes in INACU. OMERS ADMINISTRATION Corp grew its stake in shares of Indigo Acquisition by 212.0% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 200,000 shares of the company’s stock valued at $2,026,000 after buying an additional 135,888 shares during the last quarter. Parallax Volatility Advisers L.P. purchased a new position in shares of Indigo Acquisition in the third quarter worth about $542,000. Susquehanna International Group LLP bought a new stake in shares of Indigo Acquisition in the 3rd quarter valued at about $215,000. Citadel Advisors LLC purchased a new stake in Indigo Acquisition during the 3rd quarter valued at about $199,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Indigo Acquisition during the 3rd quarter valued at about $202,000.

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.