Alpha Star Acquisition (NASDAQ:ALSA) Trading Down 1.1% – What’s Next?

Alpha Star Acquisition Co. (NASDAQ:ALSA) fell 1.1% during mid-day trading on Monday . The company traded as low as $12.02 and last traded at $12.06. 7,540 shares were traded during trading, a decline of 79% from the average session volume of 35,824 shares. The stock had previously closed at $12.20.

Alpha Star Acquisition Trading Down 1.1 %

The company’s 50-day moving average is $11.90 and its 200 day moving average is $11.79.

Hedge Funds Weigh In On Alpha Star Acquisition

An institutional investor recently bought a new position in Alpha Star Acquisition stock. Clear Street LLC acquired a new stake in Alpha Star Acquisition Co. (NASDAQ:ALSA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,475 shares of the company’s stock, valued at approximately $52,000. Clear Street LLC owned 0.08% of Alpha Star Acquisition at the end of the most recent quarter. Institutional investors own 65.12% of the company’s stock.

About Alpha Star Acquisition

Alpha Star Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in clean energy, internet and high technology, financial technology, health care, consumer and retail, energy and resources, manufacturing, and education sectors in Asia.