Eureka Acquisition Corp (NASDAQ:EURKU – Get Free Report)’s share price dropped 1.7% on Monday . The company traded as low as $11.59 and last traded at $11.30. Approximately 112 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 1,653 shares. The stock had previously closed at $11.50.
Eureka Acquisition Price Performance
The stock has a fifty day moving average of $11.01 and a two-hundred day moving average of $10.94.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Eureka Acquisition stock. Clear Street Group Inc. acquired a new position in shares of Eureka Acquisition Corp (NASDAQ:EURKU – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,281 shares of the company’s stock, valued at approximately $166,000.
About Eureka Acquisition
Eureka Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in Delaware, whose primary objective is to effect a merger, share exchange, asset acquisition or similar business combination with one or more operating businesses. The company conducted its initial public offering of units on the Nasdaq under the ticker EURKU. These units consist of one share of common stock and a fraction of a warrant, providing investors with both equity and potential upside participation in future business combinations.
As a blank‐check vehicle, Eureka Acquisition has no commercial operations of its own.
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