EVe Mobility Acquisition (NYSE:EVE) Stock Price Up 0.5% – Here’s Why

Shares of EVe Mobility Acquisition Corp (NYSE:EVE) shot up 0.5% during trading on Thursday . The company traded as high as $11.30 and last traded at $11.30. 360 shares changed hands during trading, a decline of 99% from the average session volume of 33,030 shares. The stock had previously closed at $11.24.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut their price target on shares of EVe Mobility Acquisition from $5.50 to $5.00 and set an “overweight” rating on the stock in a report on Tuesday, November 12th.

EVe Mobility Acquisition Price Performance

The company has a fifty day moving average of $11.20 and a 200 day moving average of $11.11.

Institutional Investors Weigh In On EVe Mobility Acquisition

An institutional investor recently raised its position in EVe Mobility Acquisition stock. Virtu Financial LLC grew its stake in shares of EVe Mobility Acquisition Corp (NYSE:EVE) by 335.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,027 shares of the company’s stock after purchasing an additional 72,428 shares during the period. Virtu Financial LLC owned approximately 0.60% of EVe Mobility Acquisition worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission.

EVe Mobility Acquisition Company Profile

EVe Mobility Acquisition Corp does not have significant operations. The company focuses on effectuating a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. It intends to focus on the automotive and mobility industry.