Indigo Acquisition (NASDAQ:INACU) Trading Up 0.4% – Still a Buy?

Indigo Acquisition Corp. (NASDAQ:INACU) shares traded up 0.4% during trading on Thursday . The company traded as high as $10.28 and last traded at $10.28. 4 shares changed hands during trading, a decline of 100% from the average session volume of 1,175 shares. The stock had previously closed at $10.24.

Indigo Acquisition Price Performance

The company’s 50 day moving average is $10.20 and its two-hundred day moving average is $10.16.

Institutional Trading of Indigo Acquisition

Institutional investors and hedge funds have recently modified their holdings of the company. Bulldog Investors LLP acquired a new position in shares of Indigo Acquisition in the third quarter valued at $192,000. Citadel Advisors LLC bought a new stake in Indigo Acquisition in the 3rd quarter valued at $199,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Indigo Acquisition in the 3rd quarter valued at $202,000. Susquehanna International Group LLP acquired a new position in shares of Indigo Acquisition in the 3rd quarter valued at $215,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Indigo Acquisition during the 3rd quarter worth about $253,000.

About Indigo Acquisition

Indigo Acquisition Corp. is a blank check company incorporated in Delaware and listed on the Nasdaq under the ticker INACU. The company was formed for the purpose of effecting a business combination, such as a merger, capital stock exchange, asset acquisition or similar transaction, with one or more target businesses.

While Indigo Acquisition has not yet announced a definitive combination, it is structured to seek opportunities in sectors aligned with the expertise of its sponsor, including aerospace, aviation and related industries.