Avanti Acquisition (NYSE:AVAN) Reaches New 52-Week High at $9.97

Avanti Acquisition Corp. (NYSE:AVANGet Rating)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $9.97 and last traded at $9.96, with a volume of 1059 shares. The stock had previously closed at $9.95.

Avanti Acquisition Stock Performance

The business has a fifty day moving average of $9.92 and a 200-day moving average of $9.88.

Institutional Trading of Avanti Acquisition

A number of institutional investors have recently modified their holdings of the company. Graham Capital Wealth Management LLC bought a new stake in shares of Avanti Acquisition during the fourth quarter valued at approximately $100,000. Private Capital Management LLC bought a new position in Avanti Acquisition in the first quarter valued at about $197,000. Kawa Capital Management Inc purchased a new position in Avanti Acquisition in the fourth quarter worth about $241,000. Spartan Fund Management Inc. purchased a new stake in shares of Avanti Acquisition during the 1st quarter valued at about $653,000. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Avanti Acquisition by 59.0% in the 4th quarter. Qube Research & Technologies Ltd now owns 81,381 shares of the company’s stock worth $799,000 after purchasing an additional 30,184 shares during the period. 59.44% of the stock is currently owned by hedge funds and other institutional investors.

Avanti Acquisition Company Profile

(Get Rating)

Avanti Acquisition Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. It seeks to identify and acquire one or more businesses across various industries in Europe with the United States nexus and international reach.

Further Reading

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