EVe Mobility Acquisition (NYSE:EVE - Free Report) had its price objective trimmed by JPMorgan Chase & Co. from $5.50 to $5.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.
EVe Mobility Acquisition Trading Up 0.5 %
Shares of EVE traded up $0.06 during mid-day trading on Tuesday, reaching $11.30. The company's stock had a trading volume of 190 shares, compared to its average volume of 35,121. EVe Mobility Acquisition has a 52 week low of $10.63 and a 52 week high of $12.03. The company's fifty day moving average price is $11.11 and its two-hundred day moving average price is $11.08.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Berkley W R Corp grew its position in shares of EVe Mobility Acquisition by 664.8% in the 1st quarter. Berkley W R Corp now owns 778,172 shares of the company's stock worth $8,513,000 after buying an additional 676,417 shares during the last quarter. Periscope Capital Inc. boosted its holdings in EVe Mobility Acquisition by 41.9% in the first quarter. Periscope Capital Inc. now owns 363,166 shares of the company's stock valued at $3,975,000 after acquiring an additional 107,296 shares in the last quarter. Virtu Financial LLC increased its position in EVe Mobility Acquisition by 335.3% during the 2nd quarter. Virtu Financial LLC now owns 94,027 shares of the company's stock valued at $1,045,000 after purchasing an additional 72,428 shares during the period. Finally, Mizuho Securities USA LLC bought a new position in EVe Mobility Acquisition in the 1st quarter worth $757,000.
About EVe Mobility Acquisition
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EVe Mobility Acquisition Corp does not have significant operations. The company focuses on effectuating a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. It intends to focus on the automotive and mobility industry.
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