Voyager Acquisition (NASDAQ:VACH) Trading Down 2.7% - Here's What Happened

Key Points

• Voyager Acquisition (NASDAQ:VACH) shares fell 2.7% to about $12.44 (intraday low $12.38) on thin volume of 5,280 shares, roughly 71% below its average daily volume.
• Analyst coverage is negative with an average rating of Sell, and Weiss Ratings recently reissued a "sell (d)" rating.
• Several institutional investors have recently added to or initiated positions (e.g., PenderFund +58% to 7,900 shares; new stakes from Geode, Clear Street, Crossingbridge; increased position by Schonfeld), and Voyager is a SPAC targeting technology and tech‑enabled services.

Voyager Acquisition Corp. (NASDAQ:VACH - Get Free Report)'s stock price fell 2.7% on Thursday . The stock traded as low as $12.38 and last traded at $12.44. 5,280 shares were traded during mid-day trading, a decline of 71% from the average session volume of 18,426 shares. The stock had previously closed at $12.79.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Voyager Acquisition in a research note on Friday, January 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of "Sell".

Voyager Acquisition Trading Down 2.7%

The stock's 50-day simple moving average is $11.48 and its 200 day simple moving average is $10.89.

Voyager Acquisition (NASDAQ:VACH - Get Free Report) last released its quarterly earnings data on Tuesday, March 10th. The company reported $0.05 EPS for the quarter.

Hedge Funds Weigh In On Voyager Acquisition

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PenderFund Capital Management Ltd. boosted its position in Voyager Acquisition by 58.0% during the fourth quarter. PenderFund Capital Management Ltd. now owns 7,900 shares of the company's stock worth $84,000 after purchasing an additional 2,900 shares during the period. Geode Capital Management LLC bought a new position in Voyager Acquisition during the fourth quarter worth $171,000. Clear Street Group Inc. bought a new position in Voyager Acquisition during the third quarter worth $417,000. Crossingbridge Advisors LLC bought a new position in Voyager Acquisition during the third quarter worth $490,000. Finally, Schonfeld Strategic Advisors LLC boosted its position in Voyager Acquisition by 6.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 184,739 shares of the company's stock worth $1,939,000 after purchasing an additional 10,767 shares during the period.

About Voyager Acquisition

Voyager Acquisition Corp. NASDAQ: VACH is a special purpose acquisition company incorporated as an exempted company with limited liability under the laws of the Cayman Islands. The company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase or similar business combination with one or more businesses, with an emphasis on identifying and partnering with companies in the technology and technology‐enabled services sectors.

Voyager Acquisition Corp.

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