Cayson Acquisition (NASDAQ:CAPN) Stock Price Down 0.1% – What’s Next?

Shares of Cayson Acquisition Corp (NASDAQ:CAPN) dropped 0.1% on Friday . The company traded as low as $10.79 and last traded at $10.79. Approximately 439 shares were traded during trading, a decline of 99% from the average daily volume of 34,328 shares. The stock had previously closed at $10.80.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Cayson Acquisition in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Cayson Acquisition Price Performance

The company has a 50-day moving average price of $10.72 and a 200 day moving average price of $10.56.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Crossingbridge Advisors LLC purchased a new stake in Cayson Acquisition during the 4th quarter valued at approximately $92,000. Clear Street LLC bought a new position in shares of Cayson Acquisition during the second quarter worth $125,000. Quarry LP purchased a new position in Cayson Acquisition during the third quarter valued at $152,000. Warberg Asset Management LLC bought a new stake in Cayson Acquisition in the 3rd quarter valued at $180,000. Finally, Radcliffe Capital Management L.P. purchased a new stake in Cayson Acquisition in the 2nd quarter worth $280,000.

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.