Context Capital Management LLC acquired a new stake in EGH Acquisition Corp. (NASDAQ:EGHA – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 200,000 shares of the company’s stock, valued at approximately $2,087,000.
Separately, Citadel Advisors LLC purchased a new stake in EGH Acquisition during the 2nd quarter worth approximately $202,000.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded shares of EGH Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, EGH Acquisition currently has a consensus rating of “Sell”.
EGH Acquisition Stock Up 0.2%
Shares of EGHA opened at $10.48 on Wednesday. The stock has a 50-day moving average of $10.43 and a two-hundred day moving average of $10.32. EGH Acquisition Corp. has a one year low of $10.10 and a one year high of $10.80.
EGH Acquisition Profile
EGH Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Its potential transaction could involve a merger, acquisition, share exchange, or similar corporate reorganization. As an acquisition company, EGH Acquisition does not appear to operate a conventional business or offer products and services of its own. Its activities are primarily focused on evaluating potential targets, conducting due diligence, and pursuing a suitable transaction.
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