Eureka Acquisition (NASDAQ:EURK) Trading 0.3% Higher - What's Next?

Key Points

• Eureka Acquisition Corp. (NASDAQ:EURK) saw its share price increase by 0.3% to $10.72 during recent trading, with a significant decline in trading volume.
• Institutional investments have fluctuated, with notable activity including Clear Street LLC acquiring a $2.283 million stake and Mizuho Securities increasing its holdings by 36.1%.
• The company, incorporated in 2023 and based in the Cayman Islands, specializes in mergers, acquisitions, and business combinations.

Eureka Acquisition Corp. (NASDAQ:EURK - )'s share price traded up 0.3% during trading on Wednesday . The company traded as high as $10.70 and last traded at $10.72. 1,243 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 2,766 shares. The stock had previously closed at $10.69.

Eureka Acquisition Stock Up 0.3%

The stock has a fifty day simple moving average of $10.67 and a 200 day simple moving average of $10.50.

Institutional Investors Weigh In On Eureka Acquisition

A number of hedge funds have recently added to or reduced their stakes in EURK. Clear Street LLC purchased a new stake in Eureka Acquisition during the 2nd quarter valued at $2,283,000. Mizuho Securities USA LLC raised its stake in Eureka Acquisition by 36.1% during the 1st quarter. Mizuho Securities USA LLC now owns 523,100 shares of the company's stock valued at $5,346,000 after buying an additional 138,622 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new stake in Eureka Acquisition during the 1st quarter valued at $1,288,000. Quarry LP raised its stake in Eureka Acquisition by 125.0% during the 1st quarter. Quarry LP now owns 225,000 shares of the company's stock valued at $2,321,000 after buying an additional 125,000 shares during the last quarter. Finally, Gabelli Funds LLC purchased a new stake in Eureka Acquisition during the 1st quarter valued at $743,000.

Eureka Acquisition Company Profile

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.

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