Charlton Aria Acquisition (NASDAQ:CHAR) Trading Up 0.2% – Time to Buy?

Charlton Aria Acquisition Corp (NASDAQ:CHAR) traded up 0.2% during trading on Friday . The company traded as high as $10.78 and last traded at $10.76. 23,267 shares were traded during trading, an increase of 28% from the average session volume of 18,152 shares. The stock had previously closed at $10.74.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Charlton Aria Acquisition in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Charlton Aria Acquisition presently has a consensus rating of “Sell”.

Charlton Aria Acquisition Trading Up 0.2%

The company’s 50 day moving average is $10.66.

Charlton Aria Acquisition (NASDAQ:CHAR) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.06 EPS for the quarter.

Institutional Trading of Charlton Aria Acquisition

Large investors have recently added to or reduced their stakes in the business. ABC Arbitrage SA bought a new stake in Charlton Aria Acquisition during the fourth quarter worth approximately $209,000. Glazer Capital LLC boosted its holdings in Charlton Aria Acquisition by 5.3% during the fourth quarter. Glazer Capital LLC now owns 50,242 shares of the company’s stock worth $526,000 after buying an additional 2,528 shares in the last quarter. Sona Asset Management US LLC bought a new stake in Charlton Aria Acquisition during the first quarter worth approximately $1,058,000. Clear Street Group Inc. boosted its holdings in Charlton Aria Acquisition by 277.6% during the fourth quarter. Clear Street Group Inc. now owns 116,977 shares of the company’s stock worth $1,222,000 after buying an additional 86,000 shares in the last quarter. Finally, Berkley W R Corp boosted its holdings in Charlton Aria Acquisition by 19.4% during the first quarter. Berkley W R Corp now owns 878,975 shares of the company’s stock worth $9,304,000 after buying an additional 142,746 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.