Global Star Acquisition (NASDAQ:GLST) Trading Down 5.2% – What’s Next?

Global Star Acquisition, Inc. (NASDAQ:GLST) traded down 5.2% during trading on Monday . The stock traded as low as $11.37 and last traded at $11.37. 109 shares changed hands during trading, a decline of 99% from the average session volume of 21,219 shares. The stock had previously closed at $11.99.

Global Star Acquisition Stock Performance

The stock’s 50-day simple moving average is $11.51 and its two-hundred day simple moving average is $11.25.

Institutional Trading of Global Star Acquisition

An institutional investor recently bought a new position in Global Star Acquisition stock. SkyView Investment Advisors LLC purchased a new position in Global Star Acquisition, Inc. (NASDAQ:GLST) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 238,000 shares of the company’s stock, valued at approximately $2,647,000. SkyView Investment Advisors LLC owned 8.17% of Global Star Acquisition as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 62.18% of the company’s stock.

Global Star Acquisition Company Profile

Global Star Acquisition, Inc does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in McLean, Virginia.