Blue Ocean Acquisition (NASDAQ:BOCN) Stock Price Up 1.9% – Here’s What Happened

Blue Ocean Acquisition Corp. (NASDAQ:BOCN) shares rose 1.9% during mid-day trading on Monday . The stock traded as high as $11.76 and last traded at $10.72. Approximately 16,500 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 34,502 shares. The stock had previously closed at $10.52.

Blue Ocean Acquisition Price Performance

The firm’s 50-day moving average is $11.29 and its 200 day moving average is $11.30.

Institutional Investors Weigh In On Blue Ocean Acquisition

Several hedge funds have recently bought and sold shares of the company. K2 Principal Fund L.P. bought a new stake in shares of Blue Ocean Acquisition during the 3rd quarter valued at $1,020,000. Berkley W R Corp bought a new stake in shares of Blue Ocean Acquisition during the third quarter worth about $1,196,000. Finally, Wolverine Asset Management LLC lifted its holdings in shares of Blue Ocean Acquisition by 1,183.9% during the second quarter. Wolverine Asset Management LLC now owns 185,657 shares of the company’s stock worth $2,072,000 after purchasing an additional 171,197 shares during the period.

About Blue Ocean Acquisition

Blue Ocean Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus within the consumer Internet sector in segments, such as online marketplaces, education and advertising technology, and direct-to-consumer e-commerce businesses in Asia, Latin America, and North America.