Bowen Acquisition (NASDAQ:BOWN) Trading Up 2.8% – Time to Buy?

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

Bowen Acquisition Stock Up 5.9 %

The stock has a fifty day moving average of $10.12 and a two-hundred day moving average of $10.51.

Hedge Funds Weigh In On Bowen Acquisition

A number of hedge funds have recently bought and sold shares of the company. HGC Investment Management Inc. bought a new position in shares of Bowen Acquisition in the 3rd quarter worth $4,323,000. Wolverine Asset Management LLC raised its position in Bowen Acquisition by 17.1% in the third quarter. Wolverine Asset Management LLC now owns 280,721 shares of the company’s stock worth $3,018,000 after acquiring an additional 40,974 shares during the period. Shaolin Capital Management LLC purchased a new position in Bowen Acquisition in the second quarter valued at about $1,623,000. Quarry LP bought a new position in Bowen Acquisition during the third quarter valued at $915,000. Finally, Bank of Montreal Can purchased a new position in shares of Bowen Acquisition during the 2nd quarter valued at $417,000. Institutional investors own 59.34% of the company’s stock.

About Bowen Acquisition