Somewhat Favorable News Coverage Somewhat Unlikely to Affect Easterly Acquisition Corp. (EACQ) Share Price
Press coverage about Easterly Acquisition Corp. (NASDAQ:EACQ) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Easterly Acquisition Corp. earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.010527137805 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Easterly Acquisition Corp. (NASDAQ EACQ) opened at 10.05 on Friday. The stock’s 50 day moving average price is $10.02 and its 200-day moving average price is $9.98. Easterly Acquisition Corp. has a one year low of $9.25 and a one year high of $11.85. The firm’s market cap is $64.61 million.
In related news, major shareholder Polar Asset Management Partner sold 2,000,000 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $10.00, for a total transaction of $20,000,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 20.00% of the company’s stock.
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About Easterly Acquisition Corp.
Easterly Acquisition Corp. is a blank check company. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company’s efforts to identify a target business will not be limited to a particular industry or geographic region, although it seeks to focus on companies operating in the financial services industry.
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