Bayview Acquisition Corp (NASDAQ:BAYAU – Get Free Report) shares shot up 16.7% on Friday . The stock traded as high as $15.00 and last traded at $14.00. 9,208 shares changed hands during mid-day trading, an increase of 1,238% from the average session volume of 688 shares. The stock had previously closed at $12.00.
Bayview Acquisition Trading Up 16.7%
The company’s fifty day simple moving average is $11.89 and its 200 day simple moving average is $11.77.
Institutional Trading of Bayview Acquisition
A hedge fund recently bought a new stake in Bayview Acquisition stock. Clear Street Group Inc. acquired a new stake in Bayview Acquisition Corp (NASDAQ:BAYAU – Free Report) in the third quarter, according to its most recent filing with the SEC. The fund acquired 10,704 shares of the company’s stock, valued at approximately $118,000.
About Bayview Acquisition
Bayview Acquisition Corp. (NASDAQ: BAYAU) is a special purpose acquisition company organized as a Delaware corporation in January 2021. The firm’s units trade on the Nasdaq Capital Market, and its primary objective is to effect a merger, capital stock exchange, asset acquisition, stock purchase or similar business combination with one or more operating businesses.
The company was sponsored by BayView Asset Management, L.P., an investment firm with decades of experience in real estate credit and structured finance.
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