Global Star Acquisition (NASDAQ:GLST) Shares Up 0.3% – Time to Buy?

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

Global Star Acquisition Stock Performance

The business’s 50-day moving average price is $11.62 and its 200-day moving average price is $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 acquired a new stake in shares of Global Star Acquisition, Inc. (NASDAQ:GLST) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 238,000 shares of the company’s stock, valued at approximately $2,647,000. SkyView Investment Advisors LLC owned 8.17% of Global Star Acquisition at the end of the most recent quarter. Institutional investors and hedge funds own 62.18% of the company’s stock.

About Global Star Acquisition

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.