Bold Eagle Acquisition (NASDAQ:BEAGU) Trading Down 1.6% – Here’s What Happened

Bold Eagle Acquisition Corp. (NASDAQ:BEAGU) traded down 1.6% on Friday . The company traded as low as $11.10 and last traded at $11.10. 100 shares changed hands during trading, a decline of 98% from the average daily volume of 5,765 shares. The stock had previously closed at $11.28.

Bold Eagle Acquisition Price Performance

The stock has a 50 day simple moving average of $10.86 and a 200 day simple moving average of $10.83.

Institutional Trading of Bold Eagle Acquisition

An institutional investor recently bought a new position in Bold Eagle Acquisition stock. Clear Street Group Inc. purchased a new stake in Bold Eagle Acquisition Corp. (NASDAQ:BEAGU) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 54,643 shares of the company’s stock, valued at approximately $585,000.

Bold Eagle Acquisition Company Profile

Bold Eagle Acquisition (NASDAQ: BEAGU) is a special purpose acquisition company incorporated in Delaware and listed on the Nasdaq Capital Market. The company was formed to raise capital in order to merge with, acquire or otherwise combine with one or more businesses, enabling a private company to become publicly traded without undergoing the traditional initial public offering process.

Through its initial public offering, Bold Eagle Acquisition offers units consisting of common shares and warrants.