116,031 Shares in Spark I Acquisition Corporation $SPKL Bought by FNY Investment Advisers LLC

FNY Investment Advisers LLC purchased a new stake in Spark I Acquisition Corporation (NASDAQ:SPKL) in the 2nd quarter, HoldingsChannel reports. The fund purchased 116,031 shares of the company’s stock, valued at approximately $1,456,000.

Separately, Berkley W R Corp bought a new position in shares of Spark I Acquisition in the fourth quarter valued at $749,000. Institutional investors and hedge funds own 34.90% of the company’s stock.

Spark I Acquisition Stock Performance

Spark I Acquisition stock opened at $11.68 on Friday. Spark I Acquisition Corporation has a fifty-two week low of $10.90 and a fifty-two week high of $13.93. The firm’s 50-day simple moving average is $12.16 and its 200 day simple moving average is $11.71.

Spark I Acquisition (NASDAQ:SPKL) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.01) EPS for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Spark I Acquisition in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

About Spark I Acquisition

Spark I Acquisition Corp. is a Delaware-incorporated special purpose acquisition company (SPAC) listed on the NASDAQ under the ticker SPKL. Formed in 2020, the company has no commercial operations of its own and was established to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a blank check company, Spark I Acquisition holds funds in trust until it identifies and completes a business combination target.

The company’s primary focus is on identifying high-growth businesses, with an emphasis on sectors such as technology, industrials and consumer products.