Eureka Acquisition (NASDAQ:EURK) Trading Up 0.5% – Here’s What Happened

Shares of Eureka Acquisition Corp. (NASDAQ:EURK) shot up 0.5% during mid-day trading on Thursday . The stock traded as high as $10.87 and last traded at $10.92. 8,005 shares traded hands during trading, an increase of 354% from the average session volume of 1,762 shares. The stock had previously closed at $10.87.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Eureka Acquisition in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Eureka Acquisition Stock Performance

The business has a 50-day simple moving average of $10.82 and a two-hundred day simple moving average of $10.65.

Institutional Investors Weigh In On Eureka Acquisition

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Clear Street Group Inc. bought a new stake in Eureka Acquisition during the 3rd quarter worth about $729,000. Gabelli Funds LLC acquired a new stake in shares of Eureka Acquisition in the first quarter valued at about $743,000. Polar Asset Management Partners Inc. bought a new stake in Eureka Acquisition during the first quarter worth about $1,288,000. Meteora Capital LLC acquired a new position in Eureka Acquisition during the third quarter valued at approximately $1,386,000. Finally, Crossingbridge Advisors LLC bought a new position in Eureka Acquisition in the third quarter valued at approximately $1,431,000.

About Eureka Acquisition

Eureka Acquisition Corp focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in Grand Cayman, the Cayman Islands.