Key Points
- Wolverine Asset Management sold 1,000 Eureka Acquisition shares on December 9 at an average price of $10.89 (proceeds $10,890), leaving it with 396,324 shares valued at about $4.32 million — a 0.25% drop in its stake.
- Wolverine has been repeatedly selling Eureka shares in recent weeks (including another 1,000-share sale on November 7 plus multiple smaller trades), indicating a pattern of insider disposals.
- Shares traded up 0.9% to $10.98 on Friday on above-average volume, while Weiss Ratings reaffirmed a "Sell" and MarketBeat lists the stock with an average Sell rating.
Eureka Acquisition Corp. (NASDAQ:EURK - Get Free Report) major shareholder Wolverine Asset Management Llc sold 1,000 shares of Eureka Acquisition stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $10.89, for a total value of $10,890.00. Following the completion of the transaction, the insider directly owned 396,324 shares of the company's stock, valued at $4,315,968.36. This represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Wolverine Asset Management Llc also recently made the following trade(s):
- On Wednesday, December 10th, Wolverine Asset Management Llc sold 400 shares of Eureka Acquisition stock. The stock was sold at an average price of $11.07, for a total value of $4,428.00.
- On Friday, December 5th, Wolverine Asset Management Llc sold 2 shares of Eureka Acquisition stock. The shares were sold at an average price of $10.91, for a total value of $21.82.
- On Monday, December 1st, Wolverine Asset Management Llc sold 10 shares of Eureka Acquisition stock. The stock was sold at an average price of $10.89, for a total transaction of $108.90.
- On Friday, November 7th, Wolverine Asset Management Llc sold 1,000 shares of Eureka Acquisition stock. The shares were sold at an average price of $10.88, for a total transaction of $10,880.00.
- On Thursday, November 6th, Wolverine Asset Management Llc sold 4 shares of Eureka Acquisition stock. The stock was 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 shares were 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 shares were sold at an average price of $10.88, for a total transaction of $217.60.
Eureka Acquisition Stock Up 0.9%
NASDAQ EURK traded up $0.09 on Friday, hitting $10.98. 9,307 shares of the company's stock were exchanged, compared to its average volume of 2,452. The stock has a 50-day moving average of $10.84 and a 200-day moving average of $10.67. Eureka Acquisition Corp. has a 52 week low of $10.14 and a 52 week high of $11.20.
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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of "Sell".
Read Our Latest Research Report on EURK
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Clear Street LLC bought a new position in shares of Eureka Acquisition in the 2nd quarter valued at $2,283,000. Mizuho Securities USA LLC increased its holdings in Eureka Acquisition by 36.1% in the 1st quarter. Mizuho Securities USA LLC now owns 523,100 shares of the company's stock worth $5,346,000 after purchasing an additional 138,622 shares in the last quarter. Crossingbridge Advisors LLC bought a new position in Eureka Acquisition in the third quarter valued at about $1,431,000. Meteora Capital LLC bought a new position in Eureka Acquisition in the third quarter valued at about $1,386,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of Eureka Acquisition during the first quarter valued at about $1,288,000.
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.
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