JPMorgan Chase & Co. Cuts EVe Mobility Acquisition (NYSE:EVE) Price Target to $5.00

EVe Mobility Acquisition (NYSE:EVE) had its price objective decreased by JPMorgan Chase & Co. from $5.50 to $5.00 in a report issued on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

EVe Mobility Acquisition Price Performance

NYSE EVE opened at $11.30 on Tuesday. EVe Mobility Acquisition has a 1-year low of $10.63 and a 1-year high of $12.03. The stock has a 50-day moving average of $11.12 and a two-hundred day moving average of $11.08.

Institutional Trading of EVe Mobility Acquisition

Large investors have recently made changes to their positions in the company. Berkley W R Corp increased its position in shares of EVe Mobility Acquisition by 15.9% in the 2nd quarter. Berkley W R Corp now owns 902,147 shares of the company’s stock valued at $10,023,000 after purchasing an additional 123,975 shares during the last quarter. Periscope Capital Inc. increased its holdings in EVe Mobility Acquisition by 41.9% in the first quarter. Periscope Capital Inc. now owns 363,166 shares of the company’s stock valued at $3,975,000 after buying an additional 107,296 shares during the last quarter. Virtu Financial LLC raised its stake in EVe Mobility Acquisition by 335.3% in the second quarter. Virtu Financial LLC now owns 94,027 shares of the company’s stock valued at $1,045,000 after buying an additional 72,428 shares in the last quarter. Finally, Mizuho Securities USA LLC purchased a new stake in EVe Mobility Acquisition during the 1st quarter worth about $757,000.

About EVe Mobility Acquisition

EVe Mobility Acquisition Corp does not have significant operations. The company focuses on effectuating a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. It intends to focus on the automotive and mobility industry.