Eureka Acquisition (NASDAQ:EURK) Stock Price Down 0.4% – Should You Sell?

Eureka Acquisition Corp. (NASDAQ:EURK) traded down 0.4% during trading on Thursday . The company traded as low as $11.17 and last traded at $11.12. 2,102 shares traded hands during trading, an increase of 149% from the average session volume of 844 shares. The stock had previously closed at $11.17.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Eureka Acquisition in a research report on Friday, January 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Eureka Acquisition Stock Performance

The business has a 50 day moving average of $10.97 and a two-hundred day moving average of $10.81.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Clear Street LLC purchased a new stake in Eureka Acquisition during the second quarter valued at approximately $2,283,000. Crossingbridge Advisors LLC purchased a new position in Eureka Acquisition in the third quarter worth $1,431,000. Meteora Capital LLC acquired a new position in shares of Eureka Acquisition during the third quarter worth $1,386,000. Clear Street Group Inc. purchased a new stake in shares of Eureka Acquisition during the 3rd quarter valued at $729,000. Finally, Berkley W R Corp lifted its holdings in shares of Eureka Acquisition by 0.4% during the 2nd quarter. Berkley W R Corp now owns 305,628 shares of the company’s stock valued at $3,179,000 after purchasing an additional 1,336 shares during the last quarter.

Eureka Acquisition Company Profile

Eureka Acquisition Co (NASDAQ: EURK) is a special purpose acquisition company (SPAC) incorporated in Delaware in 2021. As a blank‐check vehicle, the company raised capital through an initial public offering to pursue mergers, acquisitions or other business combinations. Eureka Acquisition does not engage in any operational business activities of its own and has not yet announced a definitive target or transaction.

The company’s charter provides a fixed time frame—typically 24 to 36 months—to identify and complete a qualifying business combination.