Global Star Acquisition (NASDAQ:GLST) Stock Price Up 0.3% – Time to Buy?

Global Star Acquisition, Inc. (NASDAQ:GLST)’s stock price shot up 0.3% during trading on Wednesday . The stock traded as high as $11.85 and last traded at $11.63. 3,444 shares were traded during trading, an increase of 129% from the average session volume of 1,505 shares. The stock had previously closed at $11.59.

Global Star Acquisition Trading Up 0.3 %

The company has a fifty day moving average price of $11.61 and a 200 day moving average price of $11.35.

Hedge Funds Weigh In On Global Star Acquisition

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