East West Ave Acquisition (NASDAQ:EWAVU) Raised to Hold at Wall Street Zen

East West Ave Acquisition (NASDAQ:EWAVU) was upgraded by Wall Street Zen to a “hold” rating in a research note issued to investors on Saturday.

East West Ave Acquisition Price Performance

Shares of East West Ave Acquisition stock opened at $9.97 on Friday. East West Ave Acquisition has a 1 year low of $9.91 and a 1 year high of $9.99.

Insider Transactions at East West Ave Acquisition

In other East West Ave Acquisition news, insider Space Summit Capital Llc sold 90,469 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $9.94, for a total transaction of $899,261.86. Following the sale, the insider owned 996,531 shares in the company, valued at $9,905,518.14. This represents a 8.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

East West Ave Acquisition Company Profile

East West Ave Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies.

The company does not operate a commercial business or offer products and services of its own. Its activities are focused on evaluating potential merger, acquisition, capital stock exchange, asset acquisition, reorganization or similar transactions.

East West Ave Acquisition Corp.’s securities include publicly traded units under the NASDAQ symbol EWAVU.