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

Wall Street Zen upgraded shares of East West Ave Acquisition (NASDAQ:EWAVU) to a hold rating in a report issued on Saturday morning.

East West Ave Acquisition Price Performance

EWAVU opened at $9.97 on Friday. East West Ave Acquisition has a 12-month low of $9.91 and a 12-month high of $9.99.

Insiders Place Their Bets

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 value of $899,261.86. Following the completion of the sale, the insider owned 996,531 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through the SEC website.

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.