Bowen Acquisition (NASDAQ:BOWN) Trading Up 2.8% – Time to Buy?

Shares of Bowen Acquisition Corp (NASDAQ:BOWNGet Free Report) rose 2.8% during trading on Thursday . The company traded as high as $7.42 and last traded at $7.06. Approximately 1,119 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 42,516 shares. The stock had previously closed at $6.87.

Bowen Acquisition Price Performance

The business’s 50-day moving average is $10.27 and its two-hundred day moving average is $10.56.

Institutional Trading of Bowen Acquisition

A number of hedge funds and other institutional investors have recently modified their holdings of BOWN. Quarry LP acquired a new position in shares of Bowen Acquisition in the third quarter valued at $915,000. Bank of Montreal Can acquired a new stake in Bowen Acquisition during the second quarter worth approximately $417,000. Shaolin Capital Management LLC acquired a new position in shares of Bowen Acquisition in the second quarter valued at approximately $1,623,000. HGC Investment Management Inc. bought a new position in shares of Bowen Acquisition during the third quarter worth approximately $4,323,000. Finally, Wolverine Asset Management LLC grew its holdings in Bowen Acquisition by 17.1% in the 3rd quarter. Wolverine Asset Management LLC now owns 280,721 shares of the company’s stock valued at $3,018,000 after buying an additional 40,974 shares in the last quarter. Institutional investors and hedge funds own 59.34% of the company’s stock.

Bowen Acquisition Company Profile

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