International Media Acquisition Corp. (NASDAQ:IMAQU – Get Rating) shares were up 0.5% on Thursday . The company traded as high as $10.64 and last traded at $10.64. Approximately 250 shares changed hands during trading, a decline of 67% from the average daily volume of 760 shares. The stock had previously closed at $10.58.
International Media Acquisition Price Performance
The firm has a 50-day moving average of $10.45 and a 200-day moving average of $10.33.
Institutional Trading of International Media Acquisition
A hedge fund recently raised its stake in International Media Acquisition stock. SkyView Investment Advisors LLC raised its position in shares of International Media Acquisition Corp. (NASDAQ:IMAQU – Get Rating) by 3.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,664 shares of the company’s stock after purchasing an additional 2,565 shares during the quarter. SkyView Investment Advisors LLC’s holdings in International Media Acquisition were worth $798,000 as of its most recent SEC filing.
International Media Acquisition Company Profile
International Media Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the media and entertainment sector. The company was incorporated in 2021 and is based in North Brunswick, New Jersey.
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