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

Key Points

• Cayson Acquisition Corp (NASDAQ:CAPN) shares fell by 0.2% during trading, closing at $10.42, with a trading volume significantly down by 57% from the average.
• Weiss Ratings has restated a "sell (d-)" rating for Cayson Acquisition, reflecting a generally negative sentiment as the stock holds an average rating of "Sell" from analysts.
• Institutional investors have shown mixed activity, with firms like Mizuho Securities and Wolverine Asset Management increasing their holdings in Cayson Acquisition over recent quarters.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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, Based on data from MarketBeat.com, the company has an average rating of "Sell".

Cayson Acquisition Stock Down 0.2%

The firm's fifty day moving average price is $10.41 and its 200-day moving average price is $10.31.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Mizuho Securities USA LLC boosted its holdings in shares of Cayson Acquisition by 9.1% in the first quarter. Mizuho Securities USA LLC now owns 704,000 shares of the company's stock valued at $7,110,000 after acquiring an additional 59,000 shares in the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of Cayson Acquisition by 10.9% in the second quarter. Wolverine Asset Management LLC now owns 571,280 shares of the company's stock valued at $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 first quarter valued at approximately $3,315,000. Karpus Management Inc. boosted its holdings in Cayson Acquisition by 10.6% during the second 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 in the last quarter. Finally, Polar Asset Management Partners Inc. bought a new stake in Cayson Acquisition during the first quarter worth approximately $2,805,000.

About Cayson Acquisition

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.

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