StockSims
Jan 3, 8:27 AM
$KVAC this and
$EVGR are both blank check companies with the highest relative volumes January 2nd—128x & 83.55x average volumes, respectively. They also are both around
$10-11 and up 6% the past year.
KVAC specifically had
$5.5 million hedge fund loading in 2024 Q3, and of today’s volume of 300K, let’s just say 200K of that were buys. 200K* market open (
$10.94) =
$2.188 million… looks like more hedge fund loading to me. The usual volume is 17.76K, so that’s only like 20K traded every day. Over a 3 month period, this only gained 2%, and only gained 0.09% today despite the huge buys. So not worth my time, but today was special in that the relative volume was 83x normal. I’m going to watch this closely and follow the money if I see momentum pick up with this or EVGR. Someone knows something, so I’m watching closely.
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