Cayson Acquisition (NASDAQ:CAPN) Stock Price Up 0.4% – Here’s Why

Cayson Acquisition Corp (NASDAQ:CAPN) was up 0.4% during mid-day trading on Wednesday . The company traded as high as $11.06 and last traded at $11.0750. 8,264 shares were traded during trading, an increase of 10,102% from the average session volume of 81 shares. The stock had previously closed at $11.03.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Cayson Acquisition in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Cayson Acquisition has an average rating of “Sell”.

Cayson Acquisition Stock Up 0.4%

The company has a 50 day moving average of $10.99 and a two-hundred day moving average of $10.86.

Cayson Acquisition (NASDAQ:CAPN) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.03 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CAPN. Clear Street Group Inc. grew its stake in Cayson Acquisition by 7.6% in the 4th quarter. Clear Street Group Inc. now owns 107,793 shares of the company’s stock valued at $1,147,000 after acquiring an additional 7,601 shares during the period. Crossingbridge Advisors LLC acquired a new position in Cayson Acquisition during the fourth quarter worth $92,000. Quarry LP acquired a new position in Cayson Acquisition during the third quarter worth $152,000. Radcliffe Capital Management L.P. purchased a new position in Cayson Acquisition during the second quarter valued at $280,000. Finally, Karpus Management Inc. lifted its holdings in Cayson Acquisition by 10.6% during the second quarter. Karpus Management Inc. now owns 292,508 shares of the company’s stock valued at $3,007,000 after purchasing an additional 28,102 shares in the last quarter.

Cayson Acquisition Company Profile

Cayson Acquisition Corp. is a Cayman Islands–incorporated blank check company formed in early 2021 to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company completed its initial public offering in March 2021 and is listed on the Nasdaq under the ticker symbol CAPN. As a special purpose acquisition company, Cayson Acquisition currently holds its capital in a trust account pending the execution of a qualifying transaction.

The company’s management team is focused on identifying high-growth opportunities across a range of industries, including technology, healthcare, consumer products and business services.