Metal Sky Star Acquisition (NASDAQ:MSSA) Trading Down 0.4% – Should You Sell?

Shares of Metal Sky Star Acquisition Co. (NASDAQ:MSSA) dropped 0.4% on Tuesday . The company traded as low as $11.62 and last traded at $11.62. Approximately 41 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 3,204 shares. The stock had previously closed at $11.67.

Metal Sky Star Acquisition Price Performance

The stock’s fifty day moving average is $11.49 and its two-hundred day moving average is $11.38.

Institutional Trading of Metal Sky Star Acquisition

Large investors have recently modified their holdings of the company. Robinson Capital Management LLC acquired a new position in Metal Sky Star Acquisition during the 1st quarter valued at about $386,000. Berkley W R Corp increased its stake in Metal Sky Star Acquisition by 270.2% during the 1st quarter. Berkley W R Corp now owns 460,061 shares of the company’s stock valued at $5,102,000 after buying an additional 335,774 shares during the period. Tidal Investments LLC acquired a new position in Metal Sky Star Acquisition during the 1st quarter valued at about $249,000. Finally, Clear Street LLC increased its stake in Metal Sky Star Acquisition by 3.4% during the 2nd quarter. Clear Street LLC now owns 40,871 shares of the company’s stock valued at $464,000 after buying an additional 1,335 shares during the period. Institutional investors and hedge funds own 49.73% of the company’s stock.

Metal Sky Star Acquisition Company Profile

Metal Sky Star Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.