Charlton Aria Acquisition (NASDAQ:CHAR) Stock Price Up 0% – Here’s What Happened

Shares of Charlton Aria Acquisition Corp (NASDAQ:CHAR) traded up 0% during trading on Friday . The company traded as high as $10.81 and last traded at $10.8150. Approximately 5,305 shares changed hands during trading, a decline of 66% from the average session volume of 15,747 shares. The stock had previously closed at $10.81.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Charlton Aria Acquisition in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Charlton Aria Acquisition has a consensus rating of “Sell”.

Charlton Aria Acquisition Stock Performance

The company’s fifty day simple moving average is $10.77.

Charlton Aria Acquisition (NASDAQ:CHAR) last announced its quarterly earnings results on Wednesday, June 17th. The company reported $0.06 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. ABC Arbitrage SA bought a new stake in shares of Charlton Aria Acquisition in the 4th quarter valued at approximately $209,000. Glazer Capital LLC increased its stake in shares of Charlton Aria Acquisition by 5.3% during the 4th quarter. Glazer Capital LLC now owns 50,242 shares of the company’s stock worth $526,000 after purchasing an additional 2,528 shares during the last quarter. Sona Asset Management US LLC bought a new position in shares of Charlton Aria Acquisition during the 1st quarter valued at $1,058,000. Clear Street Group Inc. lifted its stake in shares of Charlton Aria Acquisition by 277.6% in the 4th quarter. Clear Street Group Inc. now owns 116,977 shares of the company’s stock valued at $1,222,000 after purchasing an additional 86,000 shares during the last quarter. Finally, Berkley W R Corp boosted its holdings in Charlton Aria Acquisition by 19.4% in the first quarter. Berkley W R Corp now owns 878,975 shares of the company’s stock worth $9,304,000 after purchasing an additional 142,746 shares in the last quarter.

Charlton Aria Acquisition Corp. (NASDAQ: CHAR) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank-check vehicle, its primary business purpose is to identify, negotiate and complete a business combination, merger, capital stock exchange, asset acquisition or similar transaction with one or more operating businesses. SPACs such as Charlton Aria raise capital through public offerings and seek to use those proceeds to acquire a private company and take it public through the combination.

Like other SPACs, Charlton Aria’s principal activities center on sourcing potential targets, conducting due diligence, negotiating transaction terms and securing shareholder and regulatory approvals for a proposed business combination.