Coliseum Acquisition (NASDAQ:MITAU) Trading Up 0.4% – Should You Buy?

Coliseum Acquisition Corp. (NASDAQ:MITAU)’s share price was up 0.4% during mid-day trading on Wednesday . The company traded as high as $11.10 and last traded at $11.10. Approximately 100 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 1,859 shares. The stock had previously closed at $11.06.

Coliseum Acquisition Stock Performance

The company’s 50-day moving average is $11.09 and its 200-day moving average is $10.96.

Hedge Funds Weigh In On Coliseum Acquisition

A hedge fund recently raised its stake in Coliseum Acquisition stock. Clear Street LLC boosted its position in Coliseum Acquisition Corp. (NASDAQ:MITAU) by 11,913.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,484 shares of the company’s stock after acquiring an additional 3,455 shares during the period. Clear Street LLC’s holdings in Coliseum Acquisition were worth $38,000 at the end of the most recent quarter.

About Coliseum Acquisition

Coliseum Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Coliseum Acquisition Corp. was incorporated in 2021 and is based in New York, New York.