Globa Terra Acquisition (NASDAQ:GTERA) Shares Up 0.1% – Time to Buy?

Globa Terra Acquisition Corp (NASDAQ:GTERAGet Free Report)’s stock price traded up 0.1% during trading on Thursday . The stock traded as high as $10.17 and last traded at $10.17. 15,035 shares were traded during mid-day trading, a decline of 73% from the average session volume of 55,318 shares. The stock had previously closed at $10.16.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings assumed coverage on shares of Globa Terra Acquisition in a research report on Tuesday, January 27th. They set a “sell (e+)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Globa Terra Acquisition has an average rating of “Sell”.

Check Out Our Latest Stock Report on Globa Terra Acquisition

Globa Terra Acquisition Stock Performance

Institutional Investors Weigh In On Globa Terra Acquisition

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bulldog Investors LLP bought a new position in shares of Globa Terra Acquisition in the fourth quarter worth about $221,000. Stoic Point Capital Management LLC acquired a new stake in shares of Globa Terra Acquisition in the fourth quarter valued at approximately $252,000. Lineage Point Capital LP bought a new position in Globa Terra Acquisition in the 4th quarter worth approximately $899,000. L1 Global Manager Pty Ltd bought a new position in Globa Terra Acquisition in the 4th quarter worth approximately $1,010,000. Finally, Boothbay Fund Management LLC acquired a new position in Globa Terra Acquisition during the 4th quarter worth $1,010,000.

Globa Terra Acquisition (NASDAQ: GTERA) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, formed to effect mergers, share exchanges, asset acquisitions, stock purchases, reorganizations or similar business combinations. Its primary corporate purpose is to raise capital in an initial public offering and to identify and complete a business combination that will result in a private operating company becoming publicly traded.

As a SPAC, Globa Terra Acquisition does not operate a traditional, revenue‑generating business prior to completion of its business combination.

Further Reading

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