Avanti Acquisition (NYSE:AVAN) Sees Unusually-High Trading Volume

Avanti Acquisition Corp. (NYSE:AVANGet Rating) shares saw unusually-strong trading volume on Wednesday . Approximately 4,800 shares changed hands during trading, a decline of 96% from the previous session’s volume of 118,502 shares.The stock last traded at $10.00 and had previously closed at $10.01.

Avanti Acquisition Stock Performance

The stock has a 50-day simple moving average of $9.98 and a 200 day simple moving average of $9.92.

Institutional Trading of Avanti Acquisition

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Graham Capital Wealth Management LLC acquired a new stake in Avanti Acquisition during the 4th quarter worth about $100,000. Dark Forest Capital Management LP acquired a new position in shares of Avanti Acquisition in the 2nd quarter valued at about $111,000. Private Capital Management LLC acquired a new position in shares of Avanti Acquisition in the 1st quarter valued at about $197,000. Kawa Capital Management Inc acquired a new position in shares of Avanti Acquisition in the 4th quarter valued at about $241,000. Finally, Spartan Fund Management Inc. acquired a new position in shares of Avanti Acquisition in the 1st quarter valued at about $653,000. Institutional investors and hedge funds own 63.28% of the company’s stock.

Avanti Acquisition Company Profile

(Get Rating)

Avanti Acquisition Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. It seeks to identify and acquire one or more businesses across various industries in Europe with the United States nexus and international reach.

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