Flag Ship Acquisition (NASDAQ:FSHP) Major Shareholder Mizuho Securities Usa Llc Sells 85,000 Shares

Flag Ship Acquisition Corporation (NASDAQ:FSHP) major shareholder Mizuho Securities Usa Llc sold 85,000 shares of Flag Ship Acquisition stock in a transaction on Monday, August 17th. The stock was sold at an average price of $11.23, for a total value of $954,550.00. Following the sale, the insider 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Flag Ship Acquisition Stock Performance

FSHP opened at $11.15 on Wednesday. The firm has a 50-day moving average of $11.17 and a 200 day moving average of $11.03. Flag Ship Acquisition Corporation has a fifty-two week low of $10.50 and a fifty-two week high of $12.00.

Flag Ship Acquisition (NASDAQ:FSHP) last announced its quarterly earnings data on Friday, May 29th. The company reported $0.05 EPS for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Flag Ship Acquisition from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Flag Ship Acquisition

An institutional investor recently bought a new position in Flag Ship Acquisition stock. Toronto Dominion Bank purchased a new stake in shares of Flag Ship Acquisition Corporation (NASDAQ:FSHP) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,480 shares of the company’s stock, valued at approximately $37,000. Toronto Dominion Bank owned approximately 0.07% of Flag Ship Acquisition at the end of the most recent quarter.

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.