Tavia Acquisition (NASDAQ:TAVI) Stock Price Down 0.1% – Time to Sell?

Tavia Acquisition Corp. (NASDAQ:TAVI)’s share price was down 0.1% on Friday . The stock traded as low as $10.61 and last traded at $10.60. Approximately 120 shares changed hands during trading, a decline of 93% from the average daily volume of 1,745 shares. The stock had previously closed at $10.61.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Tavia Acquisition in a report on Thursday, April 2nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Tavia Acquisition Stock Performance

The stock has a 50-day moving average price of $10.55 and a 200 day moving average price of $10.48.

Institutional Investors Weigh In On Tavia Acquisition

A number of institutional investors have recently modified their holdings of the business. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in Tavia Acquisition in the 4th quarter worth $11,369,000. Rivernorth Capital Management LLC increased its holdings in Tavia Acquisition by 33.3% in the 4th quarter. Rivernorth Capital Management LLC now owns 262,528 shares of the company’s stock worth $2,738,000 after acquiring an additional 65,632 shares in the last quarter. Radcliffe Capital Management L.P. increased its holdings in Tavia Acquisition by 2.8% in the 4th quarter. Radcliffe Capital Management L.P. now owns 101,709 shares of the company’s stock worth $1,061,000 after acquiring an additional 2,801 shares in the last quarter. Berkley W R Corp increased its holdings in Tavia Acquisition by 0.8% in the 4th quarter. Berkley W R Corp now owns 212,881 shares of the company’s stock worth $2,220,000 after acquiring an additional 1,763 shares in the last quarter. Finally, ABC Arbitrage SA purchased a new stake in Tavia Acquisition in the 4th quarter worth $163,000.

About Tavia Acquisition

Tavia Acquisition Corp. is a blank check company, which engages in the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded on March 7, 2024 and is headquartered in Newark, DE.