EVe Mobility Acquisition (NYSE:EVE) Trading Down 0.1%

EVe Mobility Acquisition Corp (NYSE:EVE) dropped 0.1% on Tuesday . The stock traded as low as $10.99 and last traded at $10.99. Approximately 7,222 shares changed hands during trading, a decline of 82% from the average daily volume of 40,291 shares. The stock had previously closed at $11.00.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their target price on EVe Mobility Acquisition from $13.50 to $12.50 and set an “overweight” rating on the stock in a research report on Thursday, March 21st.

EVe Mobility Acquisition Stock Performance

The company has a 50-day moving average of $10.92 and a two-hundred day moving average of $10.83.

Institutional Investors Weigh In On EVe Mobility Acquisition

A number of large investors have recently modified their holdings of EVE. Westchester Capital Management LLC grew its stake in EVe Mobility Acquisition by 179.8% during the 3rd quarter. Westchester Capital Management LLC now owns 839,250 shares of the company’s stock valued at $8,963,000 after purchasing an additional 539,250 shares in the last quarter. Berkley W R Corp grew its stake in EVe Mobility Acquisition by 218.1% during the 1st quarter. Berkley W R Corp now owns 629,320 shares of the company’s stock valued at $6,567,000 after purchasing an additional 431,500 shares in the last quarter. Periscope Capital Inc. acquired a new stake in EVe Mobility Acquisition during the 3rd quarter valued at approximately $2,733,000. Boothbay Fund Management LLC bought a new position in EVe Mobility Acquisition during the 1st quarter worth approximately $2,391,000. Finally, First Trust Capital Management L.P. lifted its holdings in EVe Mobility Acquisition by 70.6% during the 4th quarter. First Trust Capital Management L.P. now owns 511,800 shares of the company’s stock worth $5,272,000 after buying an additional 211,800 shares during the last quarter.

EVe Mobility Acquisition Company Profile

EVe Mobility Acquisition Corp does not have significant operations. The company focuses on effectuating a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. It intends to focus on the automotive and mobility industry.