Charlton Aria Acquisition (NASDAQ:CHAR) Stock Price Down 0.3% – What’s Next?

Charlton Aria Acquisition Corp (NASDAQ:CHAR) shares traded down 0.3% during mid-day trading on Thursday . The stock traded as low as $10.53 and last traded at $10.53. 2 shares traded hands during trading, a decline of 100% from the average session volume of 31,672 shares. The stock had previously closed at $10.56.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings began coverage on shares of Charlton Aria Acquisition in a research report on Monday, January 26th. They set a “sell (d)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Charlton Aria Acquisition presently has a consensus rating of “Sell”.

Charlton Aria Acquisition Price Performance

Institutional Investors Weigh In On Charlton Aria Acquisition

Institutional investors have recently bought and sold shares of the company. Glazer Capital LLC boosted its position in Charlton Aria Acquisition by 5.3% during the 4th quarter. Glazer Capital LLC now owns 50,242 shares of the company’s stock worth $526,000 after acquiring an additional 2,528 shares during the last quarter. ABC Arbitrage SA bought a new stake in shares of Charlton Aria Acquisition in the fourth quarter worth $209,000. Finally, Clear Street Group Inc. lifted its position in shares of Charlton Aria Acquisition by 277.6% in the fourth quarter. Clear Street Group Inc. now owns 116,977 shares of the company’s stock worth $1,222,000 after purchasing an additional 86,000 shares in the last quarter.

Charlton Aria Acquisition Corp. (NASDAQ: CHAR) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank-check vehicle, its primary business purpose is to identify, negotiate and complete a business combination, merger, capital stock exchange, asset acquisition or similar transaction with one or more operating businesses. SPACs such as Charlton Aria raise capital through public offerings and seek to use those proceeds to acquire a private company and take it public through the combination.

Like other SPACs, Charlton Aria’s principal activities center on sourcing potential targets, conducting due diligence, negotiating transaction terms and securing shareholder and regulatory approvals for a proposed business combination.