Alpha Star Acquisition (NASDAQ:ALSA) Trading Down 1.1% – Time to Sell?

Alpha Star Acquisition Co. (NASDAQ:ALSA)’s share price dropped 1.1% on Monday . The stock traded as low as $12.02 and last traded at $12.06. Approximately 7,540 shares were traded during trading, a decline of 79% from the average daily volume of 35,824 shares. The stock had previously closed at $12.20.

Alpha Star Acquisition Stock Down 1.1 %

The business has a fifty day moving average price of $11.90 and a two-hundred day moving average price of $11.79.

Institutional Trading of Alpha Star Acquisition

An institutional investor recently raised its position in Alpha Star Acquisition stock. Berkley W R Corp lifted its stake in Alpha Star Acquisition Co. (NASDAQ:ALSA) by 3.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 413,927 shares of the company’s stock after buying an additional 12,810 shares during the quarter. Berkley W R Corp owned approximately 7.21% of Alpha Star Acquisition worth $4,785,000 as of its most recent SEC filing. Institutional investors own 65.12% of the company’s stock.

Alpha Star Acquisition Company Profile

Alpha Star Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in clean energy, internet and high technology, financial technology, health care, consumer and retail, energy and resources, manufacturing, and education sectors in Asia.