Starboard Value Acquisition Corp. (NASDAQ:SVAC – Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 815,311 shares were traded during mid-day trading, an increase of 213% from the previous session’s volume of 260,500 shares.The stock last traded at $10.3110 and had previously closed at $10.33.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded shares of Starboard Value Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.
View Our Latest Stock Report on SVAC
Starboard Value Acquisition Trading Down 0.2%
Starboard Value Acquisition (NASDAQ:SVAC – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($13.80) EPS for the quarter.
Institutional Investors Weigh In On Starboard Value Acquisition
A number of institutional investors have recently made changes to their positions in SVAC. Clear Street Group Inc. purchased a new stake in shares of Starboard Value Acquisition during the fourth quarter valued at approximately $73,000. Virtu Financial LLC bought a new position in Starboard Value Acquisition during the fourth quarter valued at approximately $186,000. Cannon Global Investment Management LLC bought a new position in Starboard Value Acquisition during the first quarter valued at approximately $279,000. Readystate Asset Management LP bought a new position in Starboard Value Acquisition during the first quarter valued at approximately $311,000. Finally, Boothbay Fund Management LLC bought a new position in Starboard Value Acquisition during the fourth quarter valued at approximately $445,000.
About Starboard Value Acquisition
Starboard Value Acquisition Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in New York, New York.
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