Blue Ocean Acquisition (NASDAQ:BOCN) Stock Price Up 0.4%

Blue Ocean Acquisition Corp. (NASDAQ:BOCNGet Free Report) shares rose 0.4% during trading on Friday . The stock traded as high as $11.20 and last traded at $11.20. Approximately 500 shares changed hands during trading, a decline of 99% from the average daily volume of 49,477 shares. The stock had previously closed at $11.16.

Blue Ocean Acquisition Stock Performance

The firm has a 50-day simple moving average of $11.13 and a 200 day simple moving average of $11.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Glazer Capital LLC grew its stake in shares of Blue Ocean Acquisition by 2.1% in the 4th quarter. Glazer Capital LLC now owns 588,859 shares of the company’s stock valued at $6,330,000 after purchasing an additional 12,290 shares during the last quarter. Mizuho Securities USA LLC grew its stake in shares of Blue Ocean Acquisition by 9.7% in the 4th quarter. Mizuho Securities USA LLC now owns 471,793 shares of the company’s stock valued at $5,053,000 after purchasing an additional 41,593 shares during the last quarter. Finally, Berkley W R Corp grew its stake in shares of Blue Ocean Acquisition by 83.4% in the 1st quarter. Berkley W R Corp now owns 548,805 shares of the company’s stock valued at $6,064,000 after purchasing an additional 249,576 shares during the last quarter.

Blue Ocean Acquisition Company Profile

(Get Free Report)

Blue Ocean Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus within the consumer Internet sector in segments, such as online marketplaces, education and advertising technology, and direct-to-consumer e-commerce businesses in Asia, Latin America, and North America.

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