D. Boral ARC Acquisition I (NASDAQ:XLAB) Stock Falls 1.8% – Time to Sell?

D. Boral ARC Acquisition I Corp. (NASDAQ:XLAB) shares traded down 1.8% on Wednesday. The company traded as low as $0.8325 and last traded at $0.9085. 43,847 shares changed hands during trading, a decline of 47% from the average daily volume of 82,784 shares. The stock had previously closed at $0.9254.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of D. Boral ARC Acquisition I from a “sell (e)” rating to a “sell (d-)” rating in a research report on Friday, August 14th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has an average rating of “Sell”.

D. Boral ARC Acquisition I Trading Up 72.8%

The company has a 50-day moving average price of $4.42 and a 200-day moving average price of $8.64.

D. Boral ARC Acquisition I (NASDAQ:XLAB) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.05 earnings per share for the quarter.

Hedge Funds Weigh In On D. Boral ARC Acquisition I

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Berkley W R Corp lifted its position in D. Boral ARC Acquisition I by 1.7% in the 1st quarter. Berkley W R Corp now owns 226,854 shares of the company’s stock valued at $2,296,000 after acquiring an additional 3,686 shares in the last quarter. Rangeley Capital LLC raised its holdings in shares of D. Boral ARC Acquisition I by 114.4% in the 1st quarter. Rangeley Capital LLC now owns 72,430 shares of the company’s stock valued at $771,000 after purchasing an additional 38,650 shares during the period. Readystate Asset Management LP bought a new position in shares of D. Boral ARC Acquisition I during the 1st quarter worth approximately $1,012,000. Bank of America Corp DE acquired a new position in shares of D. Boral ARC Acquisition I in the first quarter valued at $1,012,000. Finally, FNY Investment Advisers LLC increased its stake in shares of D. Boral ARC Acquisition I by 218.6% during the second quarter. FNY Investment Advisers LLC now owns 288,889 shares of the company’s stock worth $3,013,000 after purchasing an additional 198,218 shares during the period.

D. Boral ARC Acquisition I Company Profile

D. Boral ARC Acquisition I is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. Potential transactions may include a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar transaction.

As a blank-check company, D. Boral ARC Acquisition I does not have established operating products or services of its own. Its activities are primarily focused on evaluating potential acquisition targets and pursuing a suitable transaction, subject to shareholder approval and other customary conditions.

Limited publicly available information is available regarding the company’s target industry, geographic focus, operating history, and leadership.