Silver Pegasus Acquisition (NASDAQ:SPEGU) Stock Price Up 1.1% – Still a Buy?

Silver Pegasus Acquisition Corp. (NASDAQ:SPEGU) traded up 1.1% during trading on Monday . The stock traded as high as $10.48 and last traded at $10.60. 30 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 5,663 shares. The stock had previously closed at $10.48.

Silver Pegasus Acquisition Trading Up 5.2%

The company has a 50-day moving average price of $10.58 and a 200-day moving average price of $10.61.

Institutional Investors Weigh In On Silver Pegasus Acquisition

Hedge funds and other institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC bought a new stake in shares of Silver Pegasus Acquisition during the 3rd quarter worth about $144,000. Clear Street Group Inc. increased its stake in shares of Silver Pegasus Acquisition by 280.9% during the fourth quarter. Clear Street Group Inc. now owns 31,354 shares of the company’s stock valued at $323,000 after acquiring an additional 23,122 shares during the period. Finally, Boothbay Fund Management LLC bought a new stake in Silver Pegasus Acquisition during the third quarter worth approximately $1,017,000.

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.