Evergreen (NASDAQ:EVGRU) Shares Up 7.8%

Shares of Evergreen Co. (NASDAQ:EVGRU) shot up 7.8% during trading on Friday . The company traded as high as $10.78 and last traded at $10.78. 145 shares were traded during trading, a decline of 96% from the average session volume of 3,771 shares. The stock had previously closed at $10.00.

Evergreen Stock Performance

The business’s 50 day moving average price is $10.44 and its 200 day moving average price is $10.51.

Institutional Trading of Evergreen

Several large investors have recently bought and sold shares of the business. Starboard Value LP acquired a new position in Evergreen in the 1st quarter valued at about $4,750,000. Glazer Capital LLC acquired a new position in Evergreen in the 1st quarter valued at about $4,286,000. Goldman Sachs Group Inc. acquired a new position in Evergreen in the 1st quarter valued at about $2,898,000. Walleye Capital LLC acquired a new position in Evergreen in the 1st quarter valued at about $2,420,000. Finally, Radcliffe Capital Management L.P. acquired a new position in Evergreen in the 1st quarter valued at about $2,298,000.

Evergreen Company Profile

Evergreen Corporation is a blank check company. It intends to complete a business combination target on technology companies involved in artificial intelligence, fintech and financial services, the Metaverse, the Internet of Things, eCommerce, social commerce, and Industry 4.0, as well as the new digital economy in the ASEAN region.