JVSPAC Acquisition (NASDAQ:JVSA) Stock Price Down 12.7% - Time to Sell?

JVSPAC Acquisition Corp. (NASDAQ:JVSA - Get Free Report) shares were down 12.7% during mid-day trading on Wednesday . The company traded as low as $9.54 and last traded at $10.89. Approximately 266,411 shares were traded during trading, an increase of 620% from the average daily volume of 37,007 shares. The stock had previously closed at $12.47.

JVSPAC Acquisition Stock Performance

The stock's 50 day moving average price is $10.82 and its 200-day moving average price is $10.67.

Institutional Trading of JVSPAC Acquisition

A number of large investors have recently made changes to their positions in JVSA. Quarry LP boosted its stake in shares of JVSPAC Acquisition by 1,322.2% during the first quarter. Quarry LP now owns 214,461 shares of the company's stock valued at $2,295,000 after purchasing an additional 199,381 shares during the period. Harraden Circle Investments LLC bought a new position in JVSPAC Acquisition during the 4th quarter worth about $1,563,000. Tabor Asset Management LP bought a new position in JVSPAC Acquisition during the 1st quarter worth about $1,070,000. Toronto Dominion Bank bought a new position in JVSPAC Acquisition during the 4th quarter worth about $1,045,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in JVSPAC Acquisition during the 4th quarter worth about $859,000.

JVSPAC Acquisition Company Profile

JVSPAC Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Wan Chai, Hong Kong.