Western Acquisition Ventures (NASDAQ:WAVS) Trading Down 33.3% – Time to Sell?

Western Acquisition Ventures Corp. (NASDAQ:WAVS) shares dropped 33.3% on Wednesday . The company traded as low as $10.00 and last traded at $12.00. Approximately 2,379 shares changed hands during trading, a decline of 50% from the average daily volume of 4,753 shares. The stock had previously closed at $18.00.

Western Acquisition Ventures Stock Down 33.3 %

The firm’s fifty day moving average is $14.66 and its two-hundred day moving average is $12.22.

Institutional Trading of Western Acquisition Ventures

An institutional investor recently bought a new position in Western Acquisition Ventures stock. Flow Traders U.S. LLC purchased a new position in Western Acquisition Ventures Corp. (NASDAQ:WAVS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,295 shares of the company’s stock, valued at approximately $108,000. Flow Traders U.S. LLC owned 0.29% of Western Acquisition Ventures at the end of the most recent reporting period. Hedge funds and other institutional investors own 6.55% of the company’s stock.

Western Acquisition Ventures Company Profile

Western Acquisition Ventures Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to acquire businesses operating in the infrastructure and environmental services; health, wellness, and food sustainability; financial technology and financial services; enterprise software and software as a service (SaaS); and leisure and hospitality industries.