Bayview Acquisition (NASDAQ:BAYA) Stock Price Down 1.1% – Should You Sell?

Bayview Acquisition Corp. (NASDAQ:BAYA)’s stock price fell 1.1% during trading on Wednesday . The stock traded as low as $11.21 and last traded at $11.21. 100 shares changed hands during trading, a decline of 69% from the average session volume of 326 shares. The stock had previously closed at $11.33.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Bayview Acquisition in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Bayview Acquisition currently has an average rating of “Sell”.

Bayview Acquisition Price Performance

The firm has a 50-day simple moving average of $11.25 and a 200 day simple moving average of $11.18.

Hedge Funds Weigh In On Bayview Acquisition

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Crossingbridge Advisors LLC boosted its holdings in Bayview Acquisition by 33.2% in the 1st quarter. Crossingbridge Advisors LLC now owns 99,909 shares of the company’s stock worth $1,090,000 after acquiring an additional 24,909 shares during the period. Wolverine Asset Management LLC raised its stake in shares of Bayview Acquisition by 1.4% during the third quarter. Wolverine Asset Management LLC now owns 202,976 shares of the company’s stock valued at $2,330,000 after purchasing an additional 2,879 shares during the period. Berkley W R Corp lifted its position in shares of Bayview Acquisition by 5.6% during the second quarter. Berkley W R Corp now owns 298,371 shares of the company’s stock worth $3,327,000 after purchasing an additional 15,883 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its stake in shares of Bayview Acquisition by 2.4% in the first quarter. Mizuho Securities USA LLC now owns 526,000 shares of the company’s stock valued at $5,681,000 after purchasing an additional 12,500 shares during the period.

About Bayview Acquisition

Bayview Acquisition Corp is a blank check company. It formed for the purpose to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Bayview Acquisition Corp is based in Cayman Islands.