Clear Street Group Inc. purchased a new stake in Eureka Acquisition Corp. (NASDAQ:EURK – Free Report) during the 3rd quarter, HoldingsChannel reports. The firm purchased 68,231 shares of the company’s stock, valued at approximately $729,000.
A number of other institutional investors have also made changes to their positions in EURK. Berkley W R Corp boosted its stake in Eureka Acquisition by 0.4% during the 2nd quarter. Berkley W R Corp now owns 305,628 shares of the company’s stock valued at $3,179,000 after purchasing an additional 1,336 shares during the period. Clear Street LLC acquired a new stake in Eureka Acquisition in the 2nd quarter valued at approximately $2,283,000. Finally, Crossingbridge Advisors LLC bought a new position in Eureka Acquisition in the 3rd quarter worth approximately $1,431,000.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Eureka Acquisition in a report on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.
Eureka Acquisition Price Performance
EURK stock opened at $11.25 on Monday. Eureka Acquisition Corp. has a twelve month low of $10.28 and a twelve month high of $11.28. The business’s 50-day simple moving average is $11.14 and its 200 day simple moving average is $10.93.
Eureka Acquisition (NASDAQ:EURK – Get Free Report) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.08 EPS for the quarter.
About Eureka Acquisition
Eureka Acquisition Co (NASDAQ: EURK) is a special purpose acquisition company (SPAC) incorporated in Delaware in 2021. As a blank‐check vehicle, the company raised capital through an initial public offering to pursue mergers, acquisitions or other business combinations. Eureka Acquisition does not engage in any operational business activities of its own and has not yet announced a definitive target or transaction.
The company’s charter provides a fixed time frame—typically 24 to 36 months—to identify and complete a qualifying business combination.
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