Starboard Value Acquisition Corp. (NASDAQ:SVAC – Get Free Report) shares saw an uptick in trading volume on Monday . 1,274,737 shares traded hands during mid-day trading, an increase of 312% from the previous session’s volume of 309,030 shares.The stock last traded at $10.26 and had previously closed at $10.26.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised shares of Starboard Value Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.
View Our Latest Stock Report on SVAC
Starboard Value Acquisition Price Performance
Starboard Value Acquisition (NASDAQ:SVAC – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($13.80) earnings per share (EPS) for the quarter.
Institutional Investors Weigh In On Starboard Value Acquisition
Institutional investors have recently modified their holdings of the business. Clear Street Group Inc. acquired a new stake in Starboard Value Acquisition during the fourth quarter worth about $73,000. Virtu Financial LLC bought a new position in shares of Starboard Value Acquisition during the fourth quarter valued at approximately $186,000. Cannon Global Investment Management LLC bought a new position in shares of Starboard Value Acquisition during the first quarter valued at approximately $279,000. Readystate Asset Management LP acquired a new stake in shares of Starboard Value Acquisition during the 1st quarter worth approximately $311,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Starboard Value Acquisition during the 4th quarter worth approximately $445,000.
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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