Key Points
- Wolverine Asset Management Llc sold 1,000 shares of Eureka Acquisition (NASDAQ:EURK) on Nov. 7 at an average price of $10.88 for $10,880, reducing its position by 0.25% to 397,336 shares valued at about $4.32 million.
- EURK opened at $10.85 with a 50-day SMA of $10.77 and 200-day SMA of $10.60 (12‑month range $10.11–$10.89), and analysts including Weiss Ratings have reaffirmed a Sell rating.
- Despite insider sales, several institutions have recently built or increased positions—Gabelli, Polar Asset Management and Clear Street opened new stakes, and Quarry LP boosted its holdings by 125%—signaling growing institutional interest.
Eureka Acquisition Corp. (NASDAQ:EURK - Get Free Report) major shareholder Wolverine Asset Management Llc sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $10.88, for a total transaction of $10,880.00. Following the transaction, the insider owned 397,336 shares of the company's stock, valued at approximately $4,323,015.68. The trade was a 0.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Wolverine Asset Management Llc also recently made the following trade(s):
- On Thursday, November 6th, Wolverine Asset Management Llc sold 4 shares of Eureka Acquisition stock. The shares were sold at an average price of $10.88, for a total transaction of $43.52.
- On Wednesday, November 5th, Wolverine Asset Management Llc sold 18 shares of Eureka Acquisition stock. The stock was sold at an average price of $10.88, for a total transaction of $195.84.
- On Tuesday, November 4th, Wolverine Asset Management Llc sold 20 shares of Eureka Acquisition stock. The stock was sold at an average price of $10.88, for a total transaction of $217.60.
Eureka Acquisition Stock Performance
EURK stock opened at $10.85 on Tuesday. The company's fifty day simple moving average is $10.77 and its 200 day simple moving average is $10.60. Eureka Acquisition Corp. has a 12-month low of $10.11 and a 12-month high of $10.89.
Hedge Funds Weigh In On Eureka Acquisition
Several institutional investors have recently made changes to their positions in EURK. Gabelli Funds LLC bought a new position in shares of Eureka Acquisition during the 1st quarter worth about $743,000. Polar Asset Management Partners Inc. acquired a new position in Eureka Acquisition during the 1st quarter worth approximately $1,288,000. Clear Street LLC acquired a new position in Eureka Acquisition during the 2nd quarter worth approximately $2,283,000. Quarry LP boosted its holdings in Eureka Acquisition by 125.0% in the first quarter. Quarry LP now owns 225,000 shares of the company's stock worth $2,321,000 after acquiring an additional 125,000 shares in the last quarter. Finally, Berkley W R Corp grew its stake in Eureka Acquisition by 0.4% in the second quarter. Berkley W R Corp now owns 305,628 shares of the company's stock valued at $3,179,000 after acquiring an additional 1,336 shares during the period.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Eureka Acquisition in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Eureka Acquisition has an average rating of "Sell".
View Our Latest Research Report on Eureka Acquisition
Eureka Acquisition Company Profile
(
Get Free Report)
Eureka Acquisition Corp focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in Grand Cayman, the Cayman Islands.
Further Reading
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