IB Acquisition (NASDAQ:IBAC) Shares Up 0.2% – Still a Buy?

Posted by Stanley Muller on May 31st, 2026

IB Acquisition Corp. (NASDAQ:IBAC – Get Free Report) shares shot up 0.2% during mid-day trading on Friday . The company traded as high as $10.73 and last traded at $10.75. 5,411 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 5,800 shares. The stock had previously closed at $10.73.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of IB Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, IB Acquisition currently has an average rating of “Hold”.

Check Out Our Latest Analysis on IBAC

IB Acquisition Stock Performance

The company’s 50-day moving average price is $10.76 and its two-hundred day moving average price is $10.62.

IB Acquisition (NASDAQ:IBAC – Get Free Report) last posted its quarterly earnings data on Friday, May 15th. The company reported ($0.11) earnings per share for the quarter.

Insider Activity at IB Acquisition

In other IB Acquisition news, major shareholder Aqr Capital Management Holding sold 335,000 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $10.80, for a total value of $3,618,000.00. Following the completion of the transaction, the insider directly owned 1,103 shares in the company, valued at $11,912.40. This trade represents a 99.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Institutional Trading of IB Acquisition

Several institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in IB Acquisition in the second quarter valued at approximately $135,000. ABC Arbitrage SA acquired a new stake in IB Acquisition in the fourth quarter valued at approximately $210,000. PenderFund Capital Management Ltd. acquired a new stake in IB Acquisition in the third quarter valued at approximately $230,000. Flow Traders U.S. LLC lifted its stake in IB Acquisition by 22.9% in the third quarter. Flow Traders U.S. LLC now owns 23,069 shares of the company’s stock valued at $243,000 after acquiring an additional 4,301 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in IB Acquisition in the third quarter valued at approximately $260,000.

About IB Acquisition

(Get Free Report)

IB Acquisition Corp (NASDAQ: IBAC) is a special purpose acquisition company (SPAC) formed with the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company does not generate any operating revenues and its business plan is entirely dependent on identifying or acquiring a suitable target business in accordance with its charter.

Incorporated in Delaware in 2021, IB Acquisition Corp completed its initial public offering later that year, raising capital that is held in a trust account pending the identification and closing of a business combination.