Flag Ship Acquisition (NASDAQ:FSHP) Stock Price Up 0.8% – What’s Next?

Shares of Flag Ship Acquisition Corporation (NASDAQ:FSHP) were up 0.8% during mid-day trading on Wednesday . The company traded as high as $11.29 and last traded at $11.3750. Approximately 478 shares changed hands during trading, a decline of 94% from the average session volume of 7,547 shares. The stock had previously closed at $11.29.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Flag Ship Acquisition in a research note on Tuesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Flag Ship Acquisition has a consensus rating of “Sell”.

Flag Ship Acquisition Trading Down 0.1%

The business has a 50-day moving average price of $11.25 and a 200-day moving average price of $11.08.

Insider Activity at Flag Ship Acquisition

In other Flag Ship Acquisition news, major shareholder Mizuho Securities Usa Llc sold 85,000 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $11.23, for a total value of $954,550.00. Following the transaction, the insider directly owned 315,000 shares in the company, valued at $3,537,450. The trade was a 21.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 39.06% of the company’s stock.

Institutional Investors Weigh In On Flag Ship Acquisition

A hedge fund recently bought a new position in Flag Ship Acquisition stock. Toronto Dominion Bank bought a new position in shares of Flag Ship Acquisition Corporation (NASDAQ:FSHP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,480 shares of the company’s stock, valued at approximately $37,000. Toronto Dominion Bank owned about 0.07% of Flag Ship Acquisition as of its most recent SEC filing.

Flag Ship Acquisition Company Profile

Flag Ship Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization with one or more businesses. The company intends to acquire businesses in Internet and high technology, financial technology, clean energy, health care, consumer and retail, energy and resources, food processing, manufacturing, and education sectors. Flag Ship Acquisition Corporation was incorporated in 2018 and is based in New York, New York.