Lineage Point Capital LP purchased a new position in shares of SPACSphere Acquisition Corp. (NASDAQ:SSAC – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 763,000 shares of the company’s stock, valued at approximately $7,615,000. SPACSphere Acquisition accounts for 1.6% of Lineage Point Capital LP’s holdings, making the stock its 7th biggest position. Lineage Point Capital LP owned about 4.17% of SPACSphere Acquisition at the end of the most recent quarter.
SPACSphere Acquisition Stock Up 0.1%
NASDAQ:SSAC opened at $10.10 on Friday. SPACSphere Acquisition Corp. has a one year low of $9.85 and a one year high of $10.10. The stock’s 50-day simple moving average is $10.04.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised SPACSphere Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, SPACSphere Acquisition currently has an average rating of “Sell”.
SPACSphere Acquisition Company Profile
SPACSphere Acquisition Corp is a blank check company.
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