Insider Selling: Eureka Acquisition (NASDAQ:EURK) Major Shareholder Sells $10,880.00 in Stock

Eureka Acquisition Corp. (NASDAQ:EURK) major shareholder Wolverine Asset Management Llc sold 1,000 shares of Eureka Acquisition stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $10.88, for a total value of $10,880.00. Following the completion of the sale, the insider directly owned 397,336 shares in the company, valued at $4,323,015.68. This represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares 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 value 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 value 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 Down 0.5%

Eureka Acquisition stock opened at $10.84 on Thursday. The company has a fifty day simple moving average of $10.77 and a 200-day simple moving average of $10.60. Eureka Acquisition Corp. has a 52-week low of $10.11 and a 52-week high of $10.89.

Analyst Ratings Changes

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, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EURK. Berkley W R Corp boosted its position in shares of Eureka Acquisition by 0.4% during the 2nd 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 last quarter. Clear Street LLC purchased a new position in Eureka Acquisition during the second quarter worth about $2,283,000. Polar Asset Management Partners Inc. acquired a new position in Eureka Acquisition in the 1st quarter valued at about $1,288,000. Quarry LP boosted its holdings in Eureka Acquisition by 125.0% in the 1st quarter. Quarry LP now owns 225,000 shares of the company’s stock valued at $2,321,000 after purchasing an additional 125,000 shares during the last quarter. Finally, Gabelli Funds LLC purchased a new stake in shares of Eureka Acquisition in the 1st quarter valued at approximately $743,000.

About Eureka Acquisition

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.