Wolverine Asset Management LLC Trims Holdings in Launch One Acquisition Corp. $LPAA

Wolverine Asset Management LLC lessened its holdings in shares of Launch One Acquisition Corp. (NASDAQ:LPAA) by 15.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 572,310 shares of the company’s stock after selling 103,445 shares during the quarter. Wolverine Asset Management LLC owned about 1.99% of Launch One Acquisition worth $5,961,000 at the end of the most recent quarter.

Separately, Quarry LP bought a new stake in Launch One Acquisition during the first quarter worth approximately $1,532,000.

Launch One Acquisition Price Performance

Shares of LPAA opened at $10.54 on Friday. Launch One Acquisition Corp. has a 12-month low of $9.97 and a 12-month high of $10.70. The firm has a 50-day moving average price of $10.50 and a 200 day moving average price of $10.42.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Launch One Acquisition in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Launch One Acquisition Company Profile

Launch One Acquisition Corp. is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Launch One Acquisition Corp. is based in New York.