Starry Sea stuck around $10 — what could move the stock next
Starry Sea Acquisition Corp closed the week around $10 with hardly any move. The Nasdaq-listed SPAC is back looking for a target after dropping its merger plans with Forever Young International. That matters now, with the clock taking over from earnings momentum as the key force. Starry Sea is a SPAC, or special purpose acquisition company. It's a listed shell that raises cash, then looks for an operating business to merge with.