Coliseum Acquisition (NASDAQ:MITAU) Trading Down 2.2% – Should You Sell?

Coliseum Acquisition Corp. (NASDAQ:MITAU) was down 2.2% during trading on Friday . The company traded as low as $11.05 and last traded at $11.05. Approximately 400 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 1,788 shares. The stock had previously closed at $11.30.

Coliseum Acquisition Trading Down 2.2 %

The firm has a 50-day simple moving average of $11.06 and a two-hundred day simple moving average of $10.99.

Institutional Investors Weigh In On Coliseum Acquisition

An institutional investor recently raised its position in Coliseum Acquisition stock. Clear Street LLC increased its position in shares of Coliseum Acquisition Corp. (NASDAQ:MITAU) by 11,913.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,484 shares of the company’s stock after acquiring an additional 3,455 shares during the period. Clear Street LLC’s holdings in Coliseum Acquisition were worth $38,000 as of its most recent filing with the Securities and Exchange Commission.

About Coliseum Acquisition

Coliseum Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Coliseum Acquisition Corp. was incorporated in 2021 and is based in New York, New York.