Global Star Acquisition (NASDAQ:GLST) Shares Up 0.3% – What’s Next?

Global Star Acquisition, Inc. (NASDAQ:GLST)’s share price was up 0.3% on Wednesday . The stock traded as high as $11.85 and last traded at $11.63. Approximately 3,444 shares traded hands during mid-day trading, an increase of 129% from the average daily volume of 1,505 shares. The stock had previously closed at $11.59.

Global Star Acquisition Stock Down 0.3 %

The stock has a 50 day simple moving average of $11.62 and a 200-day simple moving average of $11.36.

Institutional Trading of Global Star Acquisition

An institutional investor recently bought a new position in Global Star Acquisition stock. SkyView Investment Advisors LLC purchased a new stake in Global Star Acquisition, Inc. (NASDAQ:GLST) during the second quarter, according to its most recent filing with the SEC. The fund purchased 238,000 shares of the company’s stock, valued at approximately $2,647,000. SkyView Investment Advisors LLC owned about 8.17% of Global Star Acquisition as of its most recent filing with the SEC. Hedge funds and other institutional investors own 62.18% of the company’s stock.

Global Star Acquisition Company Profile

Global Star Acquisition, Inc does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in McLean, Virginia.