International Media Acquisition Corp. (NASDAQ:IMAQU – Get Rating) dropped 0.4% on Tuesday . The company traded as low as $10.26 and last traded at $10.26. Approximately 100 shares changed hands during trading, a decline of 90% from the average daily volume of 1,000 shares. The stock had previously closed at $10.30.
International Media Acquisition Stock Performance
The business has a 50-day simple moving average of $10.29 and a two-hundred day simple moving average of $10.25.
Get International Media Acquisition alerts:Hedge Funds Weigh In On International Media Acquisition
A hedge fund recently raised its stake in International Media Acquisition stock. SkyView Investment Advisors LLC grew its position in International Media Acquisition Corp. (NASDAQ:IMAQU – Get Rating) by 3.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,664 shares of the company's stock after purchasing an additional 2,565 shares during the quarter. SkyView Investment Advisors LLC's holdings in International Media Acquisition were worth $798,000 as of its most recent SEC filing.
About International Media Acquisition
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International Media Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the media and entertainment sector. The company was incorporated in 2021 and is based in North Brunswick, New Jersey.
Further Reading
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