Shares of Bowen Acquisition Corp (NASDAQ:BOWN - Get Free Report) were up 2.8% during mid-day trading on Thursday . The company traded as high as $7.42 and last traded at $7.06. Approximately 1,119 shares traded hands during trading, a decline of 97% from the average daily volume of 42,516 shares. The stock had previously closed at $6.87.
Bowen Acquisition Trading Up 7.3 %
The stock's 50-day moving average is $10.27 and its 200-day moving average is $10.56.
Hedge Funds Weigh In On Bowen Acquisition
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can acquired a new stake in shares of Bowen Acquisition during the second quarter worth $417,000. Wolverine Asset Management LLC boosted its stake in Bowen Acquisition by 17.1% during the third quarter. Wolverine Asset Management LLC now owns 280,721 shares of the company's stock worth $3,018,000 after acquiring an additional 40,974 shares in the last quarter. Quarry LP bought a new position in Bowen Acquisition during the third quarter worth $915,000. Shaolin Capital Management LLC bought a new position in shares of Bowen Acquisition in the second quarter valued at $1,623,000. Finally, HGC Investment Management Inc. bought a new position in shares of Bowen Acquisition in the third quarter valued at $4,323,000. 59.34% of the stock is currently owned by institutional investors and hedge funds.
Bowen Acquisition Company Profile
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