Keen Vision Acquisition (NASDAQ:KVAC) Stock Price Up 0.1% – Here’s What Happened

Keen Vision Acquisition Corporation (NASDAQ:KVAC)’s stock price rose 0.1% during mid-day trading on Friday . The stock traded as high as $11.83 and last traded at $11.83. Approximately 73 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 3,642 shares. The stock had previously closed at $11.82.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Keen Vision Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Keen Vision Acquisition Stock Performance

The stock has a 50 day simple moving average of $11.87 and a two-hundred day simple moving average of $11.71.

Hedge Funds Weigh In On Keen Vision Acquisition

Institutional investors have recently made changes to their positions in the company. Meteora Capital LLC purchased a new stake in Keen Vision Acquisition during the third quarter worth $120,000. Clear Street Group Inc. acquired a new position in shares of Keen Vision Acquisition in the third quarter worth about $380,000. Crossingbridge Advisors LLC acquired a new position in shares of Keen Vision Acquisition in the third quarter worth about $755,000. Finally, Berkley W R Corp boosted its stake in shares of Keen Vision Acquisition by 5.0% during the 4th quarter. Berkley W R Corp now owns 749,372 shares of the company’s stock worth $8,805,000 after acquiring an additional 35,357 shares in the last quarter. 51.72% of the stock is owned by hedge funds and other institutional investors.

Keen Vision Acquisition Company Profile

Keen Vision Acquisition Corp is a Delaware‐incorporated special purpose acquisition company (SPAC) that completed its initial public offering in 2021. Trading on the Nasdaq under the ticker KVAC, the company raised capital through the sale of units priced at $10.00 each. Proceeds from the offering are held in a trust account pending the identification and completion of a business combination.

The company’s principal business activity is to seek a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or assets.