Launch One Acquisition (NASDAQ:LPAA) Trading 0.1% Higher – Should You Buy?

Launch One Acquisition Corp. (NASDAQ:LPAA)’s stock price shot up 0.1% during mid-day trading on Thursday . The company traded as high as $10.68 and last traded at $10.65. 1,600 shares were traded during mid-day trading, a decline of 64% from the average session volume of 4,497 shares. The stock had previously closed at $10.64.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Launch One Acquisition in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Launch One Acquisition has a consensus rating of “Sell”.

Launch One Acquisition Price Performance

The stock’s 50 day moving average price is $10.62 and its two-hundred day moving average price is $10.54.

Institutional Investors Weigh In On Launch One Acquisition

Several hedge funds and other institutional investors have recently made changes to their positions in LPAA. Berkley W R Corp lifted its position in shares of Launch One Acquisition by 1.7% during the 2nd quarter. Berkley W R Corp now owns 316,201 shares of the company’s stock worth $3,293,000 after purchasing an additional 5,171 shares during the last quarter. Longfellow Investment Management Co. LLC bought a new position in Launch One Acquisition in the 3rd quarter worth approximately $81,000. Clear Street Group Inc. acquired a new position in shares of Launch One Acquisition during the third quarter worth approximately $114,000. Clear Street LLC bought a new stake in shares of Launch One Acquisition in the second quarter valued at approximately $116,000. Finally, Shaolin Capital Management LLC boosted its position in shares of Launch One Acquisition by 14.3% in the third quarter. Shaolin Capital Management LLC now owns 400,000 shares of the company’s stock valued at $4,200,000 after acquiring an additional 50,000 shares during the period.

About Launch One Acquisition

Launch One Acquisition Corp is a blank check company incorporated in Delaware. Its principal business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Shares and warrants of the company trade on the Nasdaq Global Market under the ticker symbols “LPAA” and “LPAAW.”

The company completed its initial public offering in 2021, raising gross proceeds through the sale of units, each consisting of one share of common stock and one quarter of a warrant.