Wen Acquisition Corp (NASDAQ:WENNU) shares, rose in value on Friday, June 20, with the stock price up by 0.83% to the previous day’s close as strong demand from buyers drove the stock to $10.96.
Actively observing the price movement in the last trading, the stock closed the session at $10.87, falling within a range of $10.8871 and $11.9099. Referring to stock’s 52-week performance, its high was $10.89, and the low was $10.31. On the whole, WENNU has fluctuated by 5.08% over the past month.
With the market capitalization of Wen Acquisition Corp currently standing at about $328.96 million, investors are eagerly awaiting this quarter’s results, scheduled for in July.
The stock’s technical analysis shows that the price of WENNU currently trading nearly 3.23% and 3.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 76.09, while the 7-day volatility ratio is showing 0.68% which for the 30-day chart, stands at 0.56%. Furthermore, Wen Acquisition Corp (WENNU)’s average true range (ATR) is 0.21.
Data on historical trading for Wen Acquisition Corp (NASDAQ:WENNU) indicates that the trading volumes over the past 10 days have averaged 0.38 and over the past 3 months, they’ve averaged 869.43K. According to company’s latest data on outstanding shares, there are 30.01 million shares outstanding.
The stock has risen by 4.78% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WENNU stock heading into the next quarter.
