Bowen Acquisition (NASDAQ:BOWN) Trading Down 9.9% – Here’s What Happened

Bowen Acquisition Corp (NASDAQ:BOWN) was down 9.9% on Friday . The stock traded as low as $3.93 and last traded at $3.93. Approximately 4,617 shares were traded during trading, a decline of 83% from the average daily volume of 27,586 shares. The stock had previously closed at $4.36.

Bowen Acquisition Stock Performance

The firm has a 50-day moving average price of $5.52 and a two-hundred day moving average price of $8.99.

Institutional Trading of Bowen Acquisition

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP purchased a new position in shares of Bowen Acquisition during the third quarter worth about $915,000. Wolverine Asset Management LLC boosted its position in shares of Bowen Acquisition by 66.8% in the 4th quarter. Wolverine Asset Management LLC now owns 468,382 shares of the company’s stock valued at $5,115,000 after purchasing an additional 187,661 shares during the period. HGC Investment Management Inc. purchased a new position in Bowen Acquisition during the 3rd quarter worth approximately $4,323,000. Geode Capital Management LLC acquired a new position in Bowen Acquisition during the fourth quarter worth approximately $137,000. Finally, Harraden Circle Investments LLC acquired a new position in Bowen Acquisition during the fourth quarter worth approximately $4,343,000. Institutional investors and hedge funds own 59.34% of the company’s stock.

About Bowen Acquisition