Western Acquisition Ventures (NASDAQ:WAVS) Stock Price Down 33.3% – Here’s What Happened

Western Acquisition Ventures Corp. (NASDAQ:WAVS) shares were down 33.3% during trading on Wednesday . The stock traded as low as $10.00 and last traded at $12.00. Approximately 2,379 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 4,753 shares. The stock had previously closed at $18.00.

Western Acquisition Ventures Trading Down 33.3 %

The business has a 50-day moving average of $14.66 and a 200 day moving average of $12.22.

Hedge Funds Weigh In On Western Acquisition Ventures

A hedge fund recently bought a new stake in Western Acquisition Ventures stock. Flow Traders U.S. LLC bought a new stake in shares of Western Acquisition Ventures Corp. (NASDAQ:WAVS) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,295 shares of the company’s stock, valued at approximately $108,000. Flow Traders U.S. LLC owned about 0.29% of Western Acquisition Ventures at the end of the most recent quarter. Institutional investors own 6.55% of the company’s stock.

About Western Acquisition Ventures

Western Acquisition Ventures Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to acquire businesses operating in the infrastructure and environmental services; health, wellness, and food sustainability; financial technology and financial services; enterprise software and software as a service (SaaS); and leisure and hospitality industries.