Tavia Acquisition (NASDAQ:TAVI) Trading 0.1% Higher - Here's What Happened

Key Points

• Shares of Tavia Acquisition (NASDAQ:TAVI) were up about 0.1% mid-day to $10.578, with intraday volume surging ~330% versus the average as trading peaked at $10.58.
• Weiss Ratings reiterated a "sell (d)" and the stock carries a consensus Sell rating from analysts.
• Despite the sell consensus, several institutions built positions recently — including TENOR Capital (new ~$11.37M stake) and Goldman Sachs (new ~$2.16M stake) — in the newly formed blank-check company.

Tavia Acquisition Corp. (NASDAQ:TAVI - Get Free Report)'s share price was up 0.1% during mid-day trading on Thursday . The stock traded as high as $10.58 and last traded at $10.5780. Approximately 17,767 shares changed hands during mid-day trading, an increase of 330% from the average daily volume of 4,127 shares. The stock had previously closed at $10.57.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "sell (d)" rating on shares of Tavia Acquisition in a research note on Thursday, April 2nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of "Sell".

Tavia Acquisition Price Performance

The firm's 50 day moving average price is $10.53 and its 200-day moving average price is $10.45.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TAVI. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in shares of Tavia Acquisition in the fourth quarter valued at $11,369,000. Goldman Sachs Group Inc. bought a new position in shares of Tavia Acquisition during the first quarter valued at $2,155,000. Radcliffe Capital Management L.P. lifted its holdings in shares of Tavia Acquisition by 352.8% during the third quarter. Radcliffe Capital Management L.P. now owns 98,908 shares of the company's stock valued at $1,024,000 after acquiring an additional 77,062 shares during the period. Rivernorth Capital Management LLC lifted its holdings in shares of Tavia Acquisition by 33.3% during the fourth quarter. Rivernorth Capital Management LLC now owns 262,528 shares of the company's stock valued at $2,738,000 after acquiring an additional 65,632 shares during the period. Finally, Berkley W R Corp lifted its holdings in shares of Tavia Acquisition by 41.8% during the second quarter. Berkley W R Corp now owns 211,118 shares of the company's stock valued at $2,164,000 after acquiring an additional 62,213 shares during the period.

Tavia Acquisition Company Profile

Tavia Acquisition Corp. is a blank check company, which engages in the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded on March 7, 2024 and is headquartered in Newark, DE.

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