Wolverine Asset Management LLC Purchases Shares of 425,000 UY Scuti Acquisition Corp. $UYSC

Wolverine Asset Management LLC acquired a new position in UY Scuti Acquisition Corp. (NASDAQ:UYSC) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 425,000 shares of the company’s stock, valued at approximately $4,271,000. Wolverine Asset Management LLC owned about 6.36% of UY Scuti Acquisition at the end of the most recent quarter.

UY Scuti Acquisition Trading Up 0.1%

Shares of NASDAQ UYSC opened at $10.19 on Friday. UY Scuti Acquisition Corp. has a one year low of $9.89 and a one year high of $10.45. The company’s 50 day simple moving average is $10.14.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of UY Scuti Acquisition in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

UY Scuti Acquisition Company Profile

UY Scuti Acquisition Corp. operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on January 18, 2024 and is headquartered in New York, NY.