Cayson Acquisition (NASDAQ:CAPN) Shares Down 0.2% - Here's What Happened

Key Points

• Cayson Acquisition Corp shares fell 0.2% to $10.42, with trading volume dropping 57% from the average session volume.
• Weiss Ratings reaffirmed a "sell (d-)" rating for Cayson Acquisition, maintaining the consensus rating of "Sell."
• Several institutional investors, including Mizuho Securities USA LLC and Wolverine Asset Management LLC, increased their stakes in the company during recent quarters.

Cayson Acquisition Corp (NASDAQ:CAPN - Get Free Report) shares fell 0.2% during trading on Wednesday . The company traded as low as $10.42 and last traded at $10.42. 3,433 shares traded hands during trading, a decline of 57% from the average session volume of 7,959 shares. The stock had previously closed at $10.44.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Cayson Acquisition in a research report on Wednesday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Sell".

Cayson Acquisition Price Performance

The firm has a 50-day moving average price of $10.41 and a 200-day moving average price of $10.31.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Mizuho Securities USA LLC raised its position in shares of Cayson Acquisition by 9.1% in the 1st quarter. Mizuho Securities USA LLC now owns 704,000 shares of the company's stock worth $7,110,000 after acquiring an additional 59,000 shares in the last quarter. Wolverine Asset Management LLC raised its position in shares of Cayson Acquisition by 10.9% in the 2nd quarter. Wolverine Asset Management LLC now owns 571,280 shares of the company's stock worth $5,896,000 after acquiring an additional 56,173 shares in the last quarter. Westchester Capital Management LLC bought a new position in shares of Cayson Acquisition in the 1st quarter worth approximately $3,315,000. Karpus Management Inc. grew its stake in shares of Cayson Acquisition by 10.6% in the 2nd quarter. Karpus Management Inc. now owns 292,508 shares of the company's stock worth $3,007,000 after buying an additional 28,102 shares during the last quarter. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of Cayson Acquisition in the 1st quarter worth approximately $2,805,000.

Cayson Acquisition Company Profile

Cayson Acquisition Corp is a blank check company. It formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. Cayson Acquisition Corp is based in NEW YORK.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.