Cayson Acquisition (NASDAQ:CAPN) Shares Up 0.1% – Here’s Why

Cayson Acquisition Corp (NASDAQ:CAPN)’s share price was up 0.1% during trading on Thursday . The stock traded as high as $11.10 and last traded at $11.1150. Approximately 10,831 shares changed hands during trading, an increase of 632% from the average session volume of 1,479 shares. The stock had previously closed at $11.10.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cayson Acquisition in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Cayson Acquisition currently has a consensus rating of “Sell”.

Cayson Acquisition Stock Performance

The firm has a fifty day simple moving average of $11.04 and a 200 day simple moving average of $10.91.

Cayson Acquisition (NASDAQ:CAPN) last announced its earnings results on Friday, May 15th. The company reported $0.03 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Quarry LP bought a new stake in shares of Cayson Acquisition in the third quarter valued at approximately $152,000. Radcliffe Capital Management L.P. bought a new position in Cayson Acquisition during the 2nd quarter worth $280,000. Whitebox Advisors LLC acquired a new position in Cayson Acquisition in the 2nd quarter valued at $1,290,000. Karpus Management Inc. raised its holdings in Cayson Acquisition by 10.6% in the 2nd quarter. Karpus Management Inc. now owns 292,508 shares of the company’s stock valued at $3,007,000 after acquiring an additional 28,102 shares in the last quarter. Finally, Crossingbridge Advisors LLC acquired a new position in Cayson Acquisition in the 4th quarter valued at $92,000.

About Cayson Acquisition

Cayson Acquisition Corp. is a Cayman Islands–incorporated blank check company formed in early 2021 to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company completed its initial public offering in March 2021 and is listed on the Nasdaq under the ticker symbol CAPN. As a special purpose acquisition company, Cayson Acquisition currently holds its capital in a trust account pending the execution of a qualifying transaction.

The company’s management team is focused on identifying high-growth opportunities across a range of industries, including technology, healthcare, consumer products and business services.