Starboard Value Acquisition (NASDAQ:SVAC) Trading Down 0.1% – Should You Sell?

Starboard Value Acquisition Corp. (NASDAQ:SVAC) shares were down 0.1% during mid-day trading on Thursday . The company traded as low as $10.15 and last traded at $10.15. Approximately 146,028 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 330,580 shares. The stock had previously closed at $10.16.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Starboard Value Acquisition in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Starboard Value Acquisition Trading Down 0.1%

The company’s fifty day moving average price is $10.37.

Institutional Investors Weigh In On Starboard Value Acquisition

Large investors have recently added to or reduced their stakes in the business. Clear Street Group Inc. acquired a new stake in Starboard Value Acquisition in the 4th quarter valued at about $73,000. Virtu Financial LLC acquired a new stake in Starboard Value Acquisition in the 4th quarter valued at about $186,000. Boothbay Fund Management LLC acquired a new stake in Starboard Value Acquisition in the 4th quarter valued at about $445,000. HighTower Advisors LLC acquired a new stake in Starboard Value Acquisition in the 4th quarter valued at about $684,000. Finally, MYDA Advisors LLC acquired a new stake in Starboard Value Acquisition in the 4th quarter valued at about $723,000.

About Starboard Value Acquisition

Starboard Value Acquisition Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in New York, New York.