Bowen Acquisition (NASDAQ:BOWN) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Bowen Acquisition (NASDAQ:BOWN) from a sell rating to a hold rating in a research report report published on Friday morning.

Bowen Acquisition Stock Performance

BOWN stock opened at $11.14 on Friday. The firm has a 50 day simple moving average of $9.78 and a 200 day simple moving average of $8.43. Bowen Acquisition has a 52 week low of $2.71 and a 52 week high of $19.77.

Insider Buying and Selling at Bowen Acquisition

In other news, major shareholder Harraden Circle Investments, L sold 10,466 shares of Bowen Acquisition stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of $22.74, for a total transaction of $237,996.84. Following the completion of the sale, the insider now directly owns 539,534 shares in the company, valued at $12,269,003.16. The trade was a 1.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 34,129 shares of company stock valued at $524,218 in the last quarter.

Hedge Funds Weigh In On Bowen Acquisition

A number of hedge funds have recently added to or reduced their stakes in BOWN. Geode Capital Management LLC bought a new stake in Bowen Acquisition in the fourth quarter worth approximately $137,000. Virtu Financial LLC acquired a new position in Bowen Acquisition during the fourth quarter worth $798,000. Yakira Capital Management Inc. bought a new position in Bowen Acquisition during the fourth quarter valued at about $923,000. Picton Mahoney Asset Management acquired a new stake in shares of Bowen Acquisition in the fourth quarter worth about $1,368,000. Finally, Harraden Circle Investments LLC bought a new stake in shares of Bowen Acquisition during the 4th quarter worth about $4,343,000. Institutional investors and hedge funds own 59.34% of the company’s stock.

About Bowen Acquisition