EVe Mobility Acquisition (NYSE:EVE) Stock Price Down 0.1%

EVe Mobility Acquisition Corp (NYSE:EVE)’s stock price was down 0.1% during trading on Tuesday . The stock traded as low as $10.99 and last traded at $10.99. Approximately 7,222 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 40,291 shares. The stock had previously closed at $11.00.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased their price objective on shares of EVe Mobility Acquisition from $13.50 to $12.50 and set an “overweight” rating for the company in a research note on Thursday, March 21st.

EVe Mobility Acquisition Stock Performance

The company’s 50 day moving average price is $10.92 and its 200-day moving average price is $10.83.

Institutional Investors Weigh In On EVe Mobility Acquisition

Large investors have recently modified their holdings of the stock. Westchester Capital Management LLC boosted its holdings in EVe Mobility Acquisition by 179.8% in the 3rd quarter. Westchester Capital Management LLC now owns 839,250 shares of the company’s stock valued at $8,963,000 after purchasing an additional 539,250 shares during the period. Berkley W R Corp raised its position in shares of EVe Mobility Acquisition by 218.1% during the 1st quarter. Berkley W R Corp now owns 629,320 shares of the company’s stock valued at $6,567,000 after buying an additional 431,500 shares in the last quarter. First Trust Capital Management L.P. raised its position in shares of EVe Mobility Acquisition by 70.6% during the 4th quarter. First Trust Capital Management L.P. now owns 511,800 shares of the company’s stock valued at $5,272,000 after buying an additional 211,800 shares in the last quarter. Schechter Investment Advisors LLC raised its position in shares of EVe Mobility Acquisition by 67.5% during the 4th quarter. Schechter Investment Advisors LLC now owns 478,910 shares of the company’s stock valued at $5,177,000 after buying an additional 193,014 shares in the last quarter. Finally, Aristeia Capital LLC raised its position in shares of EVe Mobility Acquisition by 2.3% during the 4th quarter. Aristeia Capital LLC now owns 472,985 shares of the company’s stock valued at $4,872,000 after buying an additional 10,485 shares in the last quarter.

EVe Mobility Acquisition Company Profile

EVe Mobility Acquisition Corp does not have significant operations. The company focuses on effectuating a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. It intends to focus on the automotive and mobility industry.