Voyager Acquisition (NASDAQ:VACH) Trading Down 5% – Here’s Why

Voyager Acquisition Corp. (NASDAQ:VACH)’s stock price was down 5% on Monday . The stock traded as low as $10.78 and last traded at $12.25. Approximately 14,681 shares traded hands during trading, a decline of 52% from the average daily volume of 30,539 shares. The stock had previously closed at $12.90.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Voyager Acquisition in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Voyager Acquisition Trading Down 5.0%

The stock has a fifty day simple moving average of $10.90 and a 200 day simple moving average of $10.66.

Voyager Acquisition (NASDAQ:VACH) last released its quarterly earnings data on Tuesday, March 10th. The company reported $0.05 earnings per share for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Clear Street LLC grew its holdings in Voyager Acquisition by 27,221.4% during the 2nd quarter. Clear Street LLC now owns 45,900 shares of the company’s stock valued at $477,000 after buying an additional 45,732 shares in the last quarter. Shaolin Capital Management LLC purchased a new position in shares of Voyager Acquisition in the second quarter worth $3,116,000. Berkley W R Corp boosted its position in shares of Voyager Acquisition by 158.5% during the second quarter. Berkley W R Corp now owns 1,214,392 shares of the company’s stock worth $12,614,000 after acquiring an additional 744,529 shares during the last quarter. Radcliffe Capital Management L.P. bought a new position in shares of Voyager Acquisition during the second quarter worth $5,193,000. Finally, Crossingbridge Advisors LLC purchased a new position in Voyager Acquisition during the third quarter valued at $490,000.

Voyager Acquisition Company Profile

Voyager Acquisition Corp. (NASDAQ: VACH) is a special purpose acquisition company incorporated as an exempted company with limited liability under the laws of the Cayman Islands. The company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase or similar business combination with one or more businesses, with an emphasis on identifying and partnering with companies in the technology and technology‐enabled services sectors.

Voyager Acquisition Corp.