Spring Valley Acquisition Corp. II (NASDAQ:SVII) Stock Price Down 2.9% - Should You Sell?

Key Points

• Spring Valley Acquisition Corp. II's shares fell by 2.9% on Wednesday, closing at $11.87, after previously trading at $12.22.
• Institutional investors hold 89.78% of the company's stock, with Mizuho Securities USA LLC increasing its stake by 16.1% recently.
• The company, incorporated in 2021 and based in Dallas, Texas, aims to engage in various business combinations but does not have significant operations currently.

Spring Valley Acquisition Corp. II (NASDAQ:SVII - Get Free Report)'s share price dropped 2.9% on Wednesday . The stock traded as low as $11.86 and last traded at $11.87. Approximately 57,131 shares traded hands during trading, an increase of 46% from the average daily volume of 39,087 shares. The stock had previously closed at $12.22.

Spring Valley Acquisition Corp. II Stock Performance

The firm has a 50-day simple moving average of $11.80 and a two-hundred day simple moving average of $11.61.

Institutional Investors Weigh In On Spring Valley Acquisition Corp. II

Several hedge funds have recently made changes to their positions in SVII. Geode Capital Management LLC boosted its holdings in shares of Spring Valley Acquisition Corp. II by 15.3% during the fourth quarter. Geode Capital Management LLC now owns 12,670 shares of the company's stock worth $143,000 after purchasing an additional 1,679 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of Spring Valley Acquisition Corp. II during the fourth quarter worth $147,000. Toronto Dominion Bank acquired a new stake in shares of Spring Valley Acquisition Corp. II during the fourth quarter worth $1,014,000. Finally, Mizuho Securities USA LLC boosted its holdings in shares of Spring Valley Acquisition Corp. II by 16.1% during the first quarter. Mizuho Securities USA LLC now owns 204,004 shares of the company's stock worth $2,326,000 after purchasing an additional 28,336 shares during the last quarter. Institutional investors and hedge funds own 89.78% of the company's stock.

Spring Valley Acquisition Corp. II Company Profile

Spring Valley Acquisition Corp. II does not have significant operations. It intends effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination. The company was incorporated in 2021 and is based in Dallas, Texas.