Western Acquisition Ventures (NASDAQ:WAVS) Stock Price Down 33.3% – Should You Sell?

Western Acquisition Ventures Corp. (NASDAQ:WAVS) shares fell 33.3% during mid-day trading on Thursday . The stock traded as low as $10.00 and last traded at $12.00. 2,379 shares were traded during mid-day trading, a decline of 52% from the average session volume of 4,941 shares. The stock had previously closed at $18.00.

Western Acquisition Ventures Price Performance

The stock’s 50 day moving average is $14.88 and its 200-day moving average is $12.40.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Western Acquisition Ventures stock. Flow Traders U.S. LLC acquired a new position in Western Acquisition Ventures Corp. (NASDAQ:WAVS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,295 shares of the company’s stock, valued at approximately $108,000. Flow Traders U.S. LLC owned about 0.29% of Western Acquisition Ventures as of its most recent SEC filing. Institutional investors and hedge funds own 6.55% of the company’s stock.

Western Acquisition Ventures Company Profile

Western Acquisition Ventures Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to acquire businesses operating in the infrastructure and environmental services; health, wellness, and food sustainability; financial technology and financial services; enterprise software and software as a service (SaaS); and leisure and hospitality industries.