Future Vision II Acquisition (NASDAQ:FVN) Shares Down 0.5% – Here’s What Happened

Future Vision II Acquisition Corp. (NASDAQ:FVN)’s stock price dropped 0.5% during trading on Wednesday . The stock traded as low as $10.52 and last traded at $10.52. Approximately 284 shares were traded during trading, a decline of 99% from the average daily volume of 20,236 shares. The stock had previously closed at $10.57.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Future Vision II Acquisition in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Future Vision II Acquisition Stock Down 0.5%

The business has a fifty day moving average of $10.51 and a 200 day moving average of $10.42.

Institutional Trading of Future Vision II Acquisition

A number of institutional investors and hedge funds have recently modified their holdings of FVN. Wolverine Asset Management LLC lifted its holdings in shares of Future Vision II Acquisition by 149.5% in the 1st quarter. Wolverine Asset Management LLC now owns 187,107 shares of the company’s stock worth $1,905,000 after purchasing an additional 112,107 shares during the last quarter. Mizuho Securities USA LLC increased its position in Future Vision II Acquisition by 1.1% in the first quarter. Mizuho Securities USA LLC now owns 669,338 shares of the company’s stock worth $6,760,000 after buying an additional 7,075 shares during the period. Westchester Capital Management LLC bought a new stake in Future Vision II Acquisition in the first quarter valued at $1,991,000. Clear Street LLC acquired a new position in shares of Future Vision II Acquisition during the second quarter valued at $71,000. Finally, Shaolin Capital Management LLC bought a new position in shares of Future Vision II Acquisition during the second quarter worth about $1,042,000.

Future Vision II Acquisition Company Profile

Future Vision II Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on January 30, 2024 and is headquartered in Shanghai, China.