Flag Ship Acquisition Corporation (NASDAQ:FSHP - Get Free Report) major shareholder Mizuho Securities Usa Llc sold 85,000 shares of the firm's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $11.23, for a total value of $954,550.00. Following the completion of the transaction, the insider directly owned 315,000 shares of the company's stock, valued at $3,537,450. The trade was a 21.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
Flag Ship Acquisition Trading Down 0.7%
NASDAQ:FSHP opened at $11.15 on Wednesday. Flag Ship Acquisition Corporation has a 52-week low of $10.50 and a 52-week high of $12.00. The business's fifty day moving average is $11.17 and its 200 day moving average is $11.03.
Flag Ship Acquisition (NASDAQ:FSHP - Get Free Report) last issued its quarterly earnings data on Friday, May 29th. The company reported $0.05 earnings per share (EPS) for the quarter.
Analysts Set New Price Targets
Separately, Weiss Ratings downgraded shares of Flag Ship Acquisition from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday, June 11th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of "Sell".
View Our Latest Report on FSHP
Institutional Investors Weigh In On Flag Ship Acquisition
A hedge fund recently raised its position in Flag Ship Acquisition stock. Berkley W R Corp raised its holdings in shares of Flag Ship Acquisition Corporation (NASDAQ:FSHP - Free Report) by 8.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 434,420 shares of the company's stock after buying an additional 33,482 shares during the quarter. Berkley W R Corp owned about 8.64% of Flag Ship Acquisition worth $4,748,000 as of its most recent filing with the Securities & Exchange Commission.
Flag Ship Acquisition Company Profile
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Get Free Report)
Flag Ship Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization with one or more businesses. The company intends to acquire businesses in Internet and high technology, financial technology, clean energy, health care, consumer and retail, energy and resources, food processing, manufacturing, and education sectors. Flag Ship Acquisition Corporation was incorporated in 2018 and is based in New York, New York.
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