International Media Acquisition (NASDAQ:IMAQ) Trading Down 2.2% – Here’s What Happened

Shares of International Media Acquisition Corp. (NASDAQ:IMAQ) traded down 2.2% on Wednesday . The company traded as low as $10.87 and last traded at $10.87. 511 shares traded hands during trading, a decline of 39% from the average session volume of 837 shares. The stock had previously closed at $11.12.

International Media Acquisition Trading Down 2.2 %

The firm’s fifty day simple moving average is $11.25 and its two-hundred day simple moving average is $11.14.

Institutional Trading of International Media Acquisition

An institutional investor recently raised its position in International Media Acquisition stock. Clear Street LLC boosted its position in shares of International Media Acquisition Corp. (NASDAQ:IMAQ) by 5.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,223 shares of the company’s stock after buying an additional 2,444 shares during the quarter. Clear Street LLC owned 0.63% of International Media Acquisition worth $543,000 as of its most recent filing with the Securities & Exchange Commission. 25.87% of the stock is owned by institutional investors.

About International Media Acquisition

International Media Acquisition Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the media and entertainment sector. International Media Acquisition Corp.