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Eureka Acquisition (NASDAQ:EURK) Trading Down 0.3% - Here's Why

Eureka Acquisition logo with background

Eureka Acquisition Corp. (NASDAQ:EURK - Get Free Report) shares fell 0.3% on Thursday . The company traded as low as $10.41 and last traded at $10.45. 3,486 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 59,279 shares. The stock had previously closed at $10.48.

Eureka Acquisition Stock Down 0.3%

The business has a fifty day moving average price of $10.38 and a two-hundred day moving average price of $10.28.

Hedge Funds Weigh In On Eureka Acquisition

A number of large investors have recently made changes to their positions in EURK. Mizuho Securities USA LLC grew its stake in shares of Eureka Acquisition by 36.1% in 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 in the last quarter. Toronto Dominion Bank bought a new stake in shares of Eureka Acquisition in the 4th quarter valued at approximately $2,638,000. D. E. Shaw & Co. Inc. grew its stake in shares of Eureka Acquisition by 23.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 247,500 shares of the company's stock valued at $2,512,000 after buying an additional 47,500 shares in the last quarter. Quarry LP grew its stake in shares of 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 buying an additional 125,000 shares in the last quarter. Finally, Polar Asset Management Partners Inc. bought a new stake in shares of Eureka Acquisition in the 1st quarter valued at approximately $1,288,000.

Eureka Acquisition Company Profile

(Get Free Report)

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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