Cayson Acquisition (NASDAQ:CAPN) Shares Down 0.2% – Here’s What Happened

Cayson Acquisition Corp (NASDAQ:CAPN)’s share price fell 0.2% on Wednesday . The stock traded as low as $11.03 and last traded at $11.03. 103 shares traded hands during trading, a decline of 99% from the average session volume of 9,450 shares. The stock had previously closed at $11.05.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated 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.com, the company presently has a consensus rating of “Sell”.

Cayson Acquisition Stock Down 0.2%

The business has a 50 day moving average price of $10.83 and a 200 day moving average price of $10.66.

Cayson Acquisition (NASDAQ:CAPN) last issued its earnings results on Tuesday, March 24th. The company reported $0.06 EPS for the quarter.

Hedge Funds Weigh In On Cayson Acquisition

Hedge funds have recently bought and sold shares of the business. Crossingbridge Advisors LLC purchased a new position in Cayson Acquisition during the fourth quarter worth approximately $92,000. Quarry LP purchased a new position in Cayson Acquisition during the third quarter worth approximately $152,000. Warberg Asset Management LLC purchased a new position in Cayson Acquisition during the third quarter worth approximately $180,000. Radcliffe Capital Management L.P. purchased a new position in Cayson Acquisition during the second quarter worth approximately $280,000. Finally, Clear Street Group Inc. purchased a new position in Cayson Acquisition during the third quarter worth approximately $1,049,000.

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.