EGH Acquisition Corp. (NASDAQ:EGHAU – Get Free Report) fell 0% on Friday . The company traded as low as $10.66 and last traded at $10.66. Approximately 665 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 2,924 shares. The stock had previously closed at $10.6601.
EGH Acquisition Stock Performance
The stock’s 50-day moving average is $10.67 and its 200-day moving average is $10.77.
Institutional Trading of EGH Acquisition
Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. purchased a new stake in EGH Acquisition during the 2nd quarter worth approximately $260,000. Whitebox Advisors LLC acquired a new stake in EGH Acquisition in the second quarter valued at $1,528,000. Moore Capital Management LP bought a new position in EGH Acquisition during the 2nd quarter valued at $1,528,000. Radcliffe Capital Management L.P. bought a new position in EGH Acquisition during the 2nd quarter valued at $2,698,000. Finally, Hudson Bay Capital Management LP acquired a new position in EGH Acquisition during the 2nd quarter worth $3,260,000.
EGH Acquisition Company Profile
EGH Acquisition Corp is a Delaware special purpose acquisition company formed to raise capital through an initial public offering for the purpose of effecting a business combination. Its units began trading on the Nasdaq under the symbol EGHAU in October 2021, and its sole assets consist of the proceeds from its IPO held in a trust account.
The company’s primary activity is to identify and complete a merger, capital stock exchange, share purchase, asset acquisition or other business combination with one or more businesses.
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