Shares of Kochav Defense Acquisition Corp. (NASDAQ:KCHVU – Get Free Report) traded up 0.2% on Monday. The company traded as high as $10.55 and last traded at $10.5440. 1,326 shares changed hands during trading, a decline of 67% from the average session volume of 4,049 shares. The stock had previously closed at $10.52.
Kochav Defense Acquisition Stock Down 0.8%
The stock’s 50 day simple moving average is $10.62 and its 200 day simple moving average is $10.55.
Kochav Defense Acquisition Company Profile
Kochav Defense Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a merger, acquisition, or similar business combination with one or more operating companies. The company’s name indicates an intended focus on the defense sector, although detailed information about its target criteria, potential acquisition prospects, products, services, and geographic operations is limited.
As a SPAC, Kochav Defense Acquisition Corp. does not conduct significant operating activities of its own before completing a business combination.
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