Blue Ocean Acquisition (NASDAQ:BOCN) Stock Price Up 0.2% - What's Next?

Blue Ocean Acquisition Corp. (NASDAQ:BOCN - Get Free Report) shot up 0.2% on Wednesday . The company traded as high as $11.50 and last traded at $11.50. 13,797 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 38,157 shares. The stock had previously closed at $11.48.

Blue Ocean Acquisition Trading Down 0.3 %

The company has a 50-day moving average of $11.41 and a 200-day moving average of $11.25.

Hedge Funds Weigh In On Blue Ocean Acquisition

A hedge fund recently raised its stake in Blue Ocean Acquisition stock. Wolverine Asset Management LLC raised its position in shares of Blue Ocean Acquisition Corp. (NASDAQ:BOCN - Free Report) by 1,183.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 185,657 shares of the company's stock after purchasing an additional 171,197 shares during the quarter. Wolverine Asset Management LLC owned approximately 1.70% of Blue Ocean Acquisition worth $2,072,000 at the end of the most recent quarter.

Blue Ocean Acquisition Company Profile

Blue Ocean Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus within the consumer Internet sector in segments, such as online marketplaces, education and advertising technology, and direct-to-consumer e-commerce businesses in Asia, Latin America, and North America.