Blue Ocean Acquisition (NASDAQ:BOCN) Stock Price Up 0.2% – Still a Buy?

Blue Ocean Acquisition Corp. (NASDAQ:BOCN) shares rose 0.2% on Wednesday . The stock traded as high as $11.50 and last traded at $11.50. Approximately 13,797 shares traded hands during trading, a decline of 64% from the average daily volume of 38,157 shares. The stock had previously closed at $11.48.

Blue Ocean Acquisition Price Performance

The business’s fifty day moving average price is $11.42 and its 200-day moving average price is $11.25.

Hedge Funds Weigh In On Blue Ocean Acquisition

A hedge fund recently raised its stake in Blue Ocean Acquisition stock. Berkley W R Corp raised its holdings in shares of Blue Ocean Acquisition Corp. (NASDAQ:BOCN) by 83.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 548,805 shares of the company’s stock after acquiring an additional 249,576 shares during the period. Berkley W R Corp owned about 8.91% of Blue Ocean Acquisition worth $6,064,000 at the end of the most recent reporting period.

About Blue Ocean Acquisition

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.