Shares of Starboard Value Acquisition Corp. (NASDAQ:SVAC – Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 815,311 shares changed hands during trading, an increase of 213% from the previous session’s volume of 260,500 shares.The stock last traded at $10.3110 and had previously closed at $10.33.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded shares of Starboard Value Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.
Get Our Latest Research Report on Starboard Value Acquisition
Starboard Value Acquisition Trading Down 0.2%
Starboard Value Acquisition (NASDAQ:SVAC – Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported ($13.80) earnings per share for the quarter.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the business. Readystate Asset Management LP bought a new position in Starboard Value Acquisition in the first quarter worth approximately $311,000. Rivernorth Capital Management LLC bought a new position in Starboard Value Acquisition in the first quarter worth approximately $4,394,000. Cannon Global Investment Management LLC bought a new position in Starboard Value Acquisition in the first quarter worth approximately $279,000. Virtu Financial LLC bought a new position in Starboard Value Acquisition in the fourth quarter worth approximately $186,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in Starboard Value Acquisition in the fourth quarter worth approximately $10,150,000.
About Starboard Value Acquisition
Starboard Value Acquisition Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in New York, New York.
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