Shares of Eureka Acquisition Corp (NASDAQ:EURKU – Get Free Report) rose 1.3% on Thursday . The stock traded as high as $10.89 and last traded at $10.89. Approximately 200 shares were traded during trading, a decline of 64% from the average daily volume of 556 shares. The stock had previously closed at $10.75.
Eureka Acquisition Trading Up 1.3%
The firm has a 50-day simple moving average of $10.89 and a two-hundred day simple moving average of $10.90.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Eureka Acquisition stock. Clear Street Group Inc. acquired a new position in shares of Eureka Acquisition Corp (NASDAQ:EURKU – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 15,281 shares of the company’s stock, valued at approximately $166,000.
About Eureka Acquisition
Eureka Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in Delaware, whose primary objective is to effect a merger, share exchange, asset acquisition or similar business combination with one or more operating businesses. The company conducted its initial public offering of units on the Nasdaq under the ticker EURKU. These units consist of one share of common stock and a fraction of a warrant, providing investors with both equity and potential upside participation in future business combinations.
As a blank‐check vehicle, Eureka Acquisition has no commercial operations of its own.
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