Blue Ocean Acquisition (NASDAQ:BOCN) Trading Down 1.1%

Blue Ocean Acquisition Corp. (NASDAQ:BOCN)’s stock price traded down 1.1% during mid-day trading on Tuesday . The stock traded as low as $11.29 and last traded at $11.29. 260 shares were traded during trading, a decline of 99% from the average session volume of 41,453 shares. The stock had previously closed at $11.41.

Blue Ocean Acquisition Stock Performance

The company has a 50-day moving average of $11.22 and a 200-day moving average of $11.10.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Wolverine Asset Management LLC increased its holdings in shares of Blue Ocean Acquisition by 1,183.9% in the second quarter. Wolverine Asset Management LLC now owns 185,657 shares of the company’s stock valued at $2,072,000 after purchasing an additional 171,197 shares during the period. Mizuho Securities USA LLC increased its holdings in shares of Blue Ocean Acquisition by 9.7% in the fourth quarter. Mizuho Securities USA LLC now owns 471,793 shares of the company’s stock valued at $5,053,000 after purchasing an additional 41,593 shares during the period. Berkley W R Corp grew its holdings in Blue Ocean Acquisition by 83.4% during the first quarter. Berkley W R Corp now owns 548,805 shares of the company’s stock worth $6,064,000 after acquiring an additional 249,576 shares during the period. Finally, Glazer Capital LLC increased its holdings in shares of Blue Ocean Acquisition by 2.1% during the 4th quarter. Glazer Capital LLC now owns 588,859 shares of the company’s stock valued at $6,330,000 after purchasing an additional 12,290 shares in the last quarter.

Blue Ocean Acquisition Company Profile

Blue Ocean Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus within the consumer Internet sector in segments, such as online marketplaces, education and advertising technology, and direct-to-consumer e-commerce businesses in Asia, Latin America, and North America.