EGH Acquisition (NASDAQ:EGHAU) Trading Down 0.2% – Here’s What Happened

EGH Acquisition Corp. (NASDAQ:EGHAU) shares fell 0.2% during trading on Wednesday . The stock traded as low as $10.34 and last traded at $10.34. 2,000 shares were traded during 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 business has a fifty day moving average price of $10.34 and a 200-day moving average price of $10.35.

Institutional Trading of EGH Acquisition

A number of institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. bought a new stake in shares of EGH Acquisition in the second quarter worth approximately $260,000. Wolverine Asset Management LLC purchased a new stake in EGH Acquisition in the second quarter worth approximately $1,019,000. Mint Tower Capital Management B.V. purchased a new stake in EGH Acquisition in the second quarter worth approximately $1,019,000. Berkley W R Corp bought a new stake in EGH Acquisition in the 2nd quarter worth approximately $1,516,000. Finally, Moore Capital Management LP bought a new stake in EGH Acquisition in the 2nd quarter worth approximately $1,528,000.

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.