Coliseum Acquisition (NASDAQ:MITAU) Shares Up 4.2% – Should You Buy?

Coliseum Acquisition Corp. (NASDAQ:MITAU)’s share price rose 4.2% during mid-day trading on Monday . The company traded as high as $12.89 and last traded at $12.40. Approximately 15,842 shares traded hands during mid-day trading, an increase of 563% from the average daily volume of 2,390 shares. The stock had previously closed at $11.90.

Coliseum Acquisition Price Performance

The stock’s 50 day moving average is $11.11 and its 200-day moving average is $11.04.

Institutional Investors Weigh In On Coliseum Acquisition

An institutional investor recently raised its position in Coliseum Acquisition stock. Clear Street LLC lifted its holdings in shares of Coliseum Acquisition Corp. (NASDAQ:MITAU) by 11,913.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,484 shares of the company’s stock after buying an additional 3,455 shares during the period. Clear Street LLC’s holdings in Coliseum Acquisition were worth $38,000 at the end of the most recent reporting period.

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.