EGH Acquisition (NASDAQ:EGHAU) Stock Price Down 0.2% – Here’s Why

EGH Acquisition Corp. (NASDAQ:EGHAU)’s share price fell 0.2% during trading on Tuesday . The stock traded as low as $10.34 and last traded at $10.34. 2,000 shares were traded during mid-day trading, a decline of 93% from the average session volume of 27,758 shares. The stock had previously closed at $10.36.

EGH Acquisition Trading Down 0.2%

The company has a fifty day moving average price of $10.37 and a two-hundred day moving average price of $10.33.

Institutional Investors Weigh In On EGH Acquisition

Institutional investors and hedge funds have recently bought and sold shares of the business. Tuttle Capital Management LLC acquired a new position in shares of EGH Acquisition in the 2nd quarter valued at $102,000. Wolverine Asset Management LLC acquired a new stake in shares of EGH Acquisition during the 2nd quarter valued at about $1,019,000. Wealthspring Capital LLC bought a new stake in EGH Acquisition in the second quarter valued at about $2,592,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in EGH Acquisition in the second quarter valued at about $4,076,000. Finally, Alberta Investment Management Corp acquired a new position in EGH Acquisition in the second quarter worth about $3,566,000.

EGH Acquisition Company Profile

EGH Acquisition Corp is a Delaware special purpose acquisition company formed to raise capital through an initial public offering for the purpose of effecting a business combination. Its units began trading on the Nasdaq under the symbol EGHAU in October 2021, and its sole assets consist of the proceeds from its IPO held in a trust account.

The company’s primary activity is to identify and complete a merger, capital stock exchange, share purchase, asset acquisition or other business combination with one or more businesses.