SilverBox Corp IV (NYSE:SBXD) Stock Price Down 0% - What's Next?

Key Points

• Shares of SilverBox Corp IV (NYSE:SBXD) remain largely unchanged, trading at $10.49 with a significant drop in trading volume, moving only 1,741 shares compared to an average of 84,452 shares.
• Analysts have mixed views on the stock, with Weiss Ratings maintaining a "sell" rating and Wall Street Zen upgrading it to a "hold", leading to an average rating of "sell" for SBXD.
• Recent institutional activity includes new stakes from multiple firms, with JPMorgan Chase & Co. acquiring a position valued at $603,000 in the second quarter.

SilverBox Corp IV (NYSE:SBXD - Get Free Report) shares were down 0% on Wednesday . The company traded as low as $10.48 and last traded at $10.49. Approximately 1,741 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 84,452 shares. The stock had previously closed at $10.49.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SBXD shares. Weiss Ratings restated a "sell (d-)" rating on shares of SilverBox Corp IV in a report on Wednesday. Wall Street Zen raised SilverBox Corp IV to a "hold" rating in a research note on Friday, June 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of "Sell".

SilverBox Corp IV Stock Performance

The firm has a 50 day simple moving average of $10.49 and a 200-day simple moving average of $10.50.

SilverBox Corp IV (NYSE:SBXD - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported $0.06 earnings per share for the quarter.

Institutional Trading of SilverBox Corp IV

Institutional investors have recently added to or reduced their stakes in the stock. Rangeley Capital LLC acquired a new stake in SilverBox Corp IV in the 2nd quarter valued at approximately $110,000. Virtu Financial LLC acquired a new stake in SilverBox Corp IV in the 1st quarter valued at approximately $193,000. Wealthspring Capital LLC increased its holdings in SilverBox Corp IV by 80.1% in the 1st quarter. Wealthspring Capital LLC now owns 20,755 shares of the company's stock valued at $211,000 after purchasing an additional 9,232 shares during the last quarter. Tuttle Capital Management LLC acquired a new position in shares of SilverBox Corp IV in the second quarter worth $219,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of SilverBox Corp IV in the second quarter worth $603,000.

About SilverBox Corp IV

Silverbox Corp. IV is a blank check company. It was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on April 16, 2024 and is headquartered in Austin, TX.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.