Keen Vision Acquisition Corporation (NASDAQ:KVAC – Get Free Report)’s stock price was down 1% on Tuesday . The company traded as low as $12.37 and last traded at $12.2750. 524 shares traded hands during mid-day trading, a decline of 2% from the average session volume of 535 shares. The stock had previously closed at $12.40.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Keen Vision Acquisition in a report on Wednesday, July 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.
Check Out Our Latest Report on KVAC
Keen Vision Acquisition Stock Up 0.5%
Institutional Trading of Keen Vision Acquisition
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Meteora Capital LLC purchased a new position in shares of Keen Vision Acquisition during the 3rd quarter valued at approximately $120,000. Crossingbridge Advisors LLC grew its stake in Keen Vision Acquisition by 8.9% in the 4th quarter. Crossingbridge Advisors LLC now owns 71,032 shares of the company’s stock valued at $835,000 after acquiring an additional 5,776 shares during the period. Berkley W R Corp increased its holdings in Keen Vision Acquisition by 5.0% in the 4th quarter. Berkley W R Corp now owns 749,372 shares of the company’s stock worth $8,805,000 after acquiring an additional 35,357 shares in the last quarter. Finally, Clear Street Group Inc. increased its holdings in Keen Vision Acquisition by 86.6% in the 4th quarter. Clear Street Group Inc. now owns 61,530 shares of the company’s stock worth $723,000 after acquiring an additional 28,553 shares in the last quarter. 51.72% of the stock is currently owned by hedge funds and other institutional investors.
About Keen Vision Acquisition
Keen Vision Acquisition Corp is a Delaware‐incorporated special purpose acquisition company (SPAC) that completed its initial public offering in 2021. Trading on the Nasdaq under the ticker KVAC, the company raised capital through the sale of units priced at $10.00 each. Proceeds from the offering are held in a trust account pending the identification and completion of a business combination.
The company’s principal business activity is to seek a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or assets.
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