Sizzle Acquisition (NASDAQ:SZZLU) Shares Up 1% – Should You Buy?

Sizzle Acquisition Corp. (NASDAQ:SZZLU) shares were up 1% during trading on Thursday . The stock traded as high as $10.56 and last traded at $10.56. 5,170 shares were traded during mid-day trading, a decline of 62% from the average session volume of 13,781 shares. The stock had previously closed at $10.46.

Sizzle Acquisition Stock Performance

The stock has a fifty day moving average of $10.49 and a two-hundred day moving average of $10.48.

Institutional Investors Weigh In On Sizzle Acquisition

Several institutional investors have recently made changes to their positions in SZZLU. Lineage Point Capital LP purchased a new position in shares of Sizzle Acquisition in the 4th quarter valued at about $105,000. Clear Street Group Inc. boosted its holdings in Sizzle Acquisition by 140.1% during the fourth quarter. Clear Street Group Inc. now owns 83,104 shares of the company’s stock worth $854,000 after buying an additional 48,497 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in Sizzle Acquisition during the second quarter worth about $2,540,000.

Sizzle Acquisition Company Profile

Sizzle Acquisition Corp. does not have significant operations. The company intends to focus on entering into merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It focuses on investing in the restaurant, hospitality, food and beverage, retail, consumer, food and food related technology, and real estate industries. The company was incorporated in 2020 and is based in Washington, the District of Columbia.