Eureka Acquisition (NASDAQ:EURK) Major Shareholder Sells $10,880.00 in Stock

Eureka Acquisition Corp. (NASDAQ:EURK) major shareholder Wolverine Asset Management Llc sold 1,000 shares of Eureka Acquisition stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $10.88, for a total transaction of $10,880.00. Following the transaction, the insider directly owned 397,336 shares in the company, valued at $4,323,015.68. This trade represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Wolverine Asset Management Llc also recently made the following trade(s):

• On Thursday, November 6th, Wolverine Asset Management Llc sold 4 shares of Eureka Acquisition stock. The stock was sold at an average price of $10.88, for a total transaction of $43.52.
• On Wednesday, November 5th, Wolverine Asset Management Llc sold 18 shares of Eureka Acquisition stock. The shares were sold at an average price of $10.88, for a total value of $195.84.
• On Tuesday, November 4th, Wolverine Asset Management Llc sold 20 shares of Eureka Acquisition stock. The shares were sold at an average price of $10.88, for a total value of $217.60.

Eureka Acquisition Trading Down 0.4%

Shares of Eureka Acquisition stock traded down $0.04 during trading hours on Monday, reaching $10.85. 1,252 shares of the company’s stock were exchanged, compared to its average volume of 23,231. The company has a fifty day moving average of $10.76 and a 200-day moving average of $10.59. Eureka Acquisition Corp. has a 52-week low of $10.11 and a 52-week high of $10.89.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Eureka Acquisition in a report on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Trading of Eureka Acquisition

Several institutional investors have recently made changes to their positions in the business. Berkley W R Corp grew its holdings in shares of Eureka Acquisition by 0.4% during the second quarter. Berkley W R Corp now owns 305,628 shares of the company’s stock worth $3,179,000 after buying an additional 1,336 shares in the last quarter. Clear Street LLC bought a new position in Eureka Acquisition during the second quarter worth $2,283,000. Polar Asset Management Partners Inc. bought a new position in Eureka Acquisition in the 1st quarter valued at about $1,288,000. Quarry LP increased its position in Eureka Acquisition by 125.0% during the first quarter. Quarry LP now owns 225,000 shares of the company’s stock worth $2,321,000 after acquiring an additional 125,000 shares during the period. Finally, Gabelli Funds LLC acquired a new stake in Eureka Acquisition during the first quarter worth about $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.