Keen Vision Acquisition (NASDAQ:KVACU) Trading 0.5% Higher – Still a Buy?

Keen Vision Acquisition Co. (NASDAQ:KVACU) shares traded up 0.5% on Wednesday . The company traded as high as $11.50 and last traded at $11.50. 200 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 1,824 shares. The stock had previously closed at $11.44.

Keen Vision Acquisition Trading Up 0.5%

The firm has a fifty day simple moving average of $11.74 and a 200-day simple moving average of $11.58.

Hedge Funds Weigh In On Keen Vision Acquisition

An institutional investor recently bought a new position in Keen Vision Acquisition stock. Clear Street Group Inc. bought a new stake in Keen Vision Acquisition Co. (NASDAQ:KVACU) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,421 shares of the company’s stock, valued at approximately $51,000.

Keen Vision Acquisition Company Profile

Keen Vision Acquisition Corp. is a special purpose acquisition company (SPAC) organized in Delaware for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company completed its initial public offering in November 2021 and trades on the NASDAQ under the symbol KVACU. As a blank-check vehicle, it holds capital in trust while seeking a suitable target to combine with and provide its shareholders access to potential private-market growth opportunities.

The firm’s primary activity is the identification, evaluation and negotiation of a business combination within sectors that exhibit high growth potential.