Golden Star Acquisition (NASDAQ:GODN) Shares Down 60.9% – Should You Sell?

Golden Star Acquisition Co. (NASDAQ:GODN) dropped 60.9% during trading on Thursday . The company traded as low as $2.57 and last traded at $3.34. Approximately 852,221 shares traded hands during trading, an increase of 2,155% from the average daily volume of 37,798 shares. The stock had previously closed at $8.53.

Golden Star Acquisition Price Performance

The firm’s fifty day moving average price is $3.34 and its 200 day moving average price is $8.42.

Hedge Funds Weigh In On Golden Star Acquisition

An institutional investor recently bought a new position in Golden Star Acquisition stock. Toronto Dominion Bank purchased a new position in Golden Star Acquisition Co. (NASDAQ:GODN) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 182,425 shares of the company’s stock, valued at approximately $2,036,000. Toronto Dominion Bank owned approximately 4.03% of Golden Star Acquisition at the end of the most recent quarter. 63.69% of the stock is owned by institutional investors.

Golden Star Acquisition Company Profile

Golden Star Acquisition Corporation does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Golden Star Acquisition Corporation was incorporated in 2021 and is based in New York, New York.