Silver Pegasus Acquisition (NASDAQ:SPEGU) Trading Down 1.1% – What’s Next?

Shares of Silver Pegasus Acquisition Corp. (NASDAQ:SPEGU) fell 1.1% during trading on Monday . The company traded as low as $10.48 and last traded at $10.48. Approximately 1 shares were traded during trading, a decline of 100% from the average daily volume of 1,283 shares. The stock had previously closed at $10.60.

Silver Pegasus Acquisition Trading Down 0.8%

The stock’s fifty day moving average price is $10.59 and its 200-day moving average price is $10.58.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SPEGU. Boothbay Fund Management LLC purchased a new position in Silver Pegasus Acquisition during the third quarter worth about $1,017,000. Citadel Advisors LLC acquired a new position in shares of Silver Pegasus Acquisition in the 3rd quarter worth approximately $144,000. Finally, Clear Street Group Inc. lifted its holdings in shares of Silver Pegasus Acquisition by 280.9% in the 4th quarter. Clear Street Group Inc. now owns 31,354 shares of the company’s stock worth $323,000 after acquiring an additional 23,122 shares during the last quarter.

About Silver Pegasus Acquisition

Silver Pegasus Acquisition Corporation is a blank check company incorporated as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Listed on the Nasdaq under the ticker SPEGU, the company raises capital through an initial public offering of units, with the net proceeds held in a trust account until a qualifying business combination is completed.

The company’s management team brings experience in corporate finance, mergers and acquisitions, and strategic advisory services.