D. Boral ARC Acquisition I (NASDAQ:BCAR) Shares Up 0.2% – Here’s Why

D. Boral ARC Acquisition I Corp. (NASDAQ:BCAR) shot up 0.2% on Tuesday . The company traded as high as $10.11 and last traded at $10.11. 469,065 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 796,333 shares. The stock had previously closed at $10.09.

Analyst Ratings Changes

Separately, Weiss Ratings started coverage on D. Boral ARC Acquisition I in a report on Monday, January 26th. They set a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

D. Boral ARC Acquisition I Stock Up 0.2%

Institutional Trading of D. Boral ARC Acquisition I

A number of institutional investors have recently modified their holdings of BCAR. Wolverine Asset Management LLC raised its holdings in D. Boral ARC Acquisition I by 33.5% during the 4th quarter. Wolverine Asset Management LLC now owns 1,134,863 shares of the company’s stock valued at $11,383,000 after acquiring an additional 284,863 shares during the period. ABC Arbitrage SA purchased a new position in D. Boral ARC Acquisition I during the 4th quarter valued at about $351,000. HighTower Advisors LLC bought a new stake in shares of D. Boral ARC Acquisition I during the fourth quarter valued at about $1,694,000. Picton Mahoney Asset Management purchased a new stake in shares of D. Boral ARC Acquisition I in the fourth quarter worth about $2,758,000. Finally, StoneX Group Inc. grew its stake in D. Boral ARC Acquisition I by 4.5% during the fourth quarter. StoneX Group Inc. now owns 78,393 shares of the company’s stock valued at $786,000 after acquiring an additional 3,393 shares in the last quarter. 4.33% of the stock is currently owned by hedge funds and other institutional investors.

About D. Boral ARC Acquisition I

D. Boral ARC Acquisition I (NASDAQ: BCAR) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, formed to raise capital through a public offering and to effect a merger, share exchange, asset acquisition or similar business combination with one or more operating businesses. As a SPAC, its primary activity is identifying and negotiating a business combination rather than conducting commercial operations itself.

Publicly available disclosures do not identify a confirmed target company, a specific industry focus or detailed information about the company’s leadership and sponsors in widely accessible sources.