Keen Vision Acquisition (NASDAQ:KVAC) Trading Up 0.2% - Should You Buy?

Key Points

• Keen Vision Acquisition Corporation (KVAC) shares increased by 0.2% during mid-day trading, reaching a last traded price of $11.48 after hitting a high of $12.00.
• The stock experienced a notable decline in trading volume, with only 1,200 shares exchanged, down 91% from its average session volume of 12,840 shares.
• Institutional investors own 51.72% of KVAC, with several firms such as Tabor Asset Management LP and Toronto Dominion Bank acquiring new stakes in recent quarters.

Keen Vision Acquisition Corporation (NASDAQ:KVAC - Get Free Report)'s stock price was up 0.2% on Monday . The company traded as high as $12.00 and last traded at $11.48. Approximately 1,200 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 12,840 shares. The stock had previously closed at $11.45.

Keen Vision Acquisition Price Performance

The stock's 50-day moving average price is $11.42 and its two-hundred day moving average price is $11.29.

Institutional Trading of Keen Vision Acquisition

Hedge funds and other institutional investors have recently modified their holdings of the business. Toronto Dominion Bank purchased a new stake in Keen Vision Acquisition during the 4th quarter valued at about $304,000. Spartan Fund Management Inc. purchased a new stake in shares of Keen Vision Acquisition during the 4th quarter valued at about $779,000. Westchester Capital Management LLC purchased a new stake in shares of Keen Vision Acquisition during the 1st quarter valued at about $787,000. Tabor Asset Management LP purchased a new stake in shares of Keen Vision Acquisition during the 1st quarter valued at about $2,614,000. Finally, Berkley W R Corp boosted its holdings in shares of Keen Vision Acquisition by 52.7% during the 2nd quarter. Berkley W R Corp now owns 1,046,168 shares of the company's stock valued at $11,895,000 after acquiring an additional 361,071 shares during the last quarter. 51.72% of the stock is owned by hedge funds and other institutional investors.

About Keen Vision Acquisition

Keen Vision Acquisition Corporation does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, and related business combination with one or more businesses or entities. It also intends to focus on businesses in the biotechnology, consumer goods, and agriculture sectors.