Jaws Mustang Acquisition (NYSE:JWSM) Stock Price Up 1% – Should You Buy?

Jaws Mustang Acquisition Co. (NYSE:JWSM)’s stock price shot up 1% during trading on Tuesday . The stock traded as high as $11.42 and last traded at $11.42. 4,950 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 8,532 shares. The stock had previously closed at $11.31.

Jaws Mustang Acquisition Stock Up 1.0 %

The company’s 50 day simple moving average is $11.27 and its 200 day simple moving average is $11.16.

Institutional Investors Weigh In On Jaws Mustang Acquisition

A hedge fund recently raised its stake in Jaws Mustang Acquisition stock. Virtu Financial LLC boosted its stake in shares of Jaws Mustang Acquisition Co. (NYSE:JWSM) by 14.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 21,442 shares of the company’s stock after buying an additional 2,659 shares during the period. Virtu Financial LLC’s holdings in Jaws Mustang Acquisition were worth $235,000 as of its most recent filing with the SEC.

About Jaws Mustang Acquisition

Jaws Mustang Acquisition Corporation 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. The company was incorporated in 2020 and is based in Miami Beach, Florida.