IB Acquisition (NASDAQ:IBAC) Earns Sell (D) Rating from Weiss Ratings

Get IB Acquisition alerts:IB Acquisition (NASDAQ:IBAC - Get Free Report)'s stock had its "sell (d)" rating reissued by equities researchers at Weiss Ratings in a research report issued on Saturday,Weiss Ratings reports.IB Acquisition Stock Down 0.0%Shares of IB Acquisition stock traded down $0.01 on Friday, hitting $10.45. The stock had a trading volume of 6,922 shares, compared to its average volume of 38,086. IB Acquisition has a one year low of $10.04 and a one year high of $11.45. The stock's 50-day simple moving average is $10.52 and its two-hundred day simple moving average is $10.48. Insider ActivityIn other news, major shareholder Aqr Capital Management Holding sold 195,806 shares of the firm's stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $10.44, for a total value of $2,044,214.64. Following the transaction, the insider owned 2,162 shares in the company, valued at approximately $22,571.28. This trade represents a 98.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Institutional Inflows and OutflowsSeveral institutional investors and hedge funds have recently made changes to their positions in IBAC. Mizuho Securities USA LLC purchased a new stake in IB Acquisition in the first quarter worth $126,000. Jane Street Group LLC purchased a new stake in IB Acquisition in the second quarter worth $135,000. Clear Street LLC lifted its stake in IB Acquisition by 5,006.3% in the second quarter. Clear Street LLC now owns 28,544 shares of the company's stock worth $299,000 after acquiring an additional 27,985 shares during the period. Quarry LP purchased a new stake in IB Acquisition in the first quarter worth $1,032,000. Finally, Tabor Asset Management LP purchased a new stake in IB Acquisition in the first quarter worth $2,064,000. About IB Acquisition (Get Free Report)IB Acquisition Corp. is a blank check company. It formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses or entities. IB Acquisition Corp. is based in Boca Raton, Florida.Featured StoriesFive stocks we like better than IB Acquisition3 Stocks to Protect Your Portfolio from the Coronavirus Contagion Tractor Supply Stock Looks Like a Buy-and-Hold WinnerHow to Capture the Benefits of Dividend Increases3 Stocks Well Below 52-Week Highs Poised for a Q4 ReboundWhat Investors Need to Know to Beat the MarketBig Banks Are Setting the Tone as Earnings Season Kicks OffThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in IB Acquisition Right Now?Before you consider IB Acquisition, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IB Acquisition wasn't on the list.While IB Acquisition currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here