Bowen Acquisition (NASDAQ:BOWN) Shares Up 2.8% – Still a Buy?

Bowen Acquisition Corp (NASDAQ:BOWN) rose 2.8% during trading on Thursday . The company traded as high as $7.42 and last traded at $7.06. Approximately 1,119 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 42,516 shares. The stock had previously closed at $6.87.

Bowen Acquisition Trading Up 5.9 %

The firm has a 50-day simple moving average of $10.12 and a two-hundred day simple moving average of $10.51.

Institutional Investors Weigh In On Bowen Acquisition

Several institutional investors have recently made changes to their positions in the stock. HGC Investment Management Inc. acquired a new position in Bowen Acquisition in the 3rd quarter valued at $4,323,000. Shaolin Capital Management LLC bought a new position in Bowen Acquisition in the 2nd quarter valued at about $1,623,000. Quarry LP acquired a new position in Bowen Acquisition during the third quarter valued at approximately $915,000. Wolverine Asset Management LLC lifted its position in shares of Bowen Acquisition by 17.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 280,721 shares of the company’s stock worth $3,018,000 after buying an additional 40,974 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of Bowen Acquisition in the 2nd quarter valued at approximately $417,000. 59.34% of the stock is currently owned by institutional investors.

Bowen Acquisition Company Profile