Avalon Acquisition Inc. (NASDAQ:AVACU – Get Rating) shot up 0.5% during mid-day trading on Thursday . The stock traded as high as $11.16 and last traded at $10.65. 715 shares changed hands during trading, a decline of 63% from the average session volume of 1,927 shares. The stock had previously closed at $10.60.
Avalon Acquisition Price Performance
The business has a fifty day moving average of $10.61 and a 200-day moving average of $10.34.
Institutional Trading of Avalon Acquisition
A number of institutional investors have recently made changes to their positions in AVACU. Glazer Capital LLC acquired a new stake in Avalon Acquisition in the 3rd quarter valued at about $37,000. Cubist Systematic Strategies LLC bought a new stake in shares of Avalon Acquisition in the 2nd quarter worth approximately $208,000. Finally, EHP Funds Inc. acquired a new stake in Avalon Acquisition during the first quarter valued at approximately $254,000.
About Avalon Acquisition
Avalon Acquisition Inc does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the financial services and financial technologies industries. The company was incorporated in 2020 and is based in San Francisco, California.
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