Eureka Acquisition (NASDAQ:EURK) Trading 0.2% Higher – Here’s What Happened

Eureka Acquisition Corp. (NASDAQ:EURK) shares traded up 0.2% during mid-day trading on Wednesday . The stock traded as high as $10.92 and last traded at $10.92. 1 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 678 shares. The stock had previously closed at $10.90.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Eureka Acquisition in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Eureka Acquisition Price Performance

The business has a 50-day moving average price of $10.90 and a 200 day moving average price of $10.75.

Institutional Inflows and Outflows

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

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.