Harvard Avenue Acquisition (NASDAQ:HAVAU) Stock Jumps 0.6% – Should You Buy?

Harvard Avenue Acquisition Corp. (NASDAQ:HAVAU – Get Free Report)’s share price shot up 0.6% during mid-day trading on Monday. The stock traded as high as $10.30 and last traded at $10.2940. 21,603 shares changed hands during mid-day trading, an increase of 193% from the average daily volume of 7,379 shares. The stock had previously closed at $10.23.

Harvard Avenue Acquisition Stock Down 0.0%

The stock’s fifty day simple moving average is $10.31 and its two-hundred day simple moving average is $10.23.

Institutional Trading of Harvard Avenue Acquisition

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Mangrove Partners IM LLC bought a new stake in Harvard Avenue Acquisition in the fourth quarter worth $4,540,000. Magnetar Financial LLC bought a new position in shares of Harvard Avenue Acquisition during the fourth quarter valued at $5,506,000. Finally, Clear Street Group Inc. purchased a new position in shares of Harvard Avenue Acquisition in the 4th quarter worth about $108,000.

Harvard Avenue Acquisition Company Profile

(Get Free Report)

Harvard Avenue Acquisition Corp. (NASDAQ: HAVAU) is a special purpose acquisition company, or SPAC. The company was formed to identify and complete a business combination with one or more operating businesses, which may include a merger, acquisition, stock purchase, or similar transaction.

As a SPAC, Harvard Avenue Acquisition does not operate a traditional business and does not offer products or services of its own. Its activities are primarily focused on evaluating potential acquisition opportunities and pursuing a transaction that would allow a private company to become publicly traded.

Publicly available information about the company’s specific acquisition criteria, geographic focus, and leadership is limited.

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