Sizzle Acquisition Corp. II (NASDAQ:SZZL) Trading 0.2% Higher – Still a Buy?

Sizzle Acquisition Corp. II (NASDAQ:SZZL)’s share price rose 0.2% during mid-day trading on Monday . The stock traded as high as $10.36 and last traded at $10.36. Approximately 22,247 shares were traded during mid-day trading, a decline of 8% from the average daily volume of 24,261 shares. The stock had previously closed at $10.34.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Sizzle Acquisition Corp. II from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Sizzle Acquisition Corp. II has an average rating of “Sell”.

Sizzle Acquisition Corp. II Price Performance

The firm’s 50-day moving average price is $10.30 and its two-hundred day moving average price is $10.25.

Sizzle Acquisition Corp. II (NASDAQ:SZZL) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter.

Institutional Investors Weigh In On Sizzle Acquisition Corp. II

Several hedge funds have recently modified their holdings of the business. Sona Asset Management US LLC purchased a new stake in Sizzle Acquisition Corp. II during the first quarter valued at approximately $1,040,000. Rangeley Capital LLC purchased a new stake in Sizzle Acquisition Corp. II during the first quarter valued at approximately $103,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Sizzle Acquisition Corp. II during the first quarter valued at approximately $4,112,000. Lineage Point Capital LP purchased a new stake in Sizzle Acquisition Corp. II during the fourth quarter valued at approximately $254,000. Finally, Rivernorth Capital Management LLC lifted its position in Sizzle Acquisition Corp. II by 25.2% during the fourth quarter. Rivernorth Capital Management LLC now owns 497,500 shares of the company’s stock valued at $5,055,000 after acquiring an additional 100,000 shares during the last quarter.

About Sizzle Acquisition Corp. II

Sizzle Acquisition Corp. does not have significant operations. The company intends to focus on entering into merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It focuses on investing in the restaurant, hospitality, food and beverage, retail, consumer, food and food related technology, and real estate industries. The company was incorporated in 2020 and is based in Washington, the District of Columbia.