Alpha Star Acquisition (NASDAQ:ALSA) Stock Price Down 1.1% – Here’s What Happened

Shares of Alpha Star Acquisition Co. (NASDAQ:ALSA) fell 1.1% during trading on Tuesday . The stock traded as low as $12.02 and last traded at $12.06. 7,540 shares changed hands during trading, a decline of 79% from the average session volume of 35,824 shares. The stock had previously closed at $12.20.

Alpha Star Acquisition Trading Down 1.1 %

The company’s 50 day moving average price is $11.99 and its 200-day moving average price is $11.86.

Institutional Investors Weigh In On Alpha Star Acquisition

An institutional investor recently bought a new position in Alpha Star Acquisition stock. Clear Street LLC acquired a new stake in shares of Alpha Star Acquisition Co. (NASDAQ:ALSA) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,475 shares of the company’s stock, valued at approximately $52,000. Clear Street LLC owned 0.08% of Alpha Star Acquisition as of its most recent SEC filing. Institutional investors own 65.12% of the company’s stock.

About Alpha Star Acquisition

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.