Starboard Value Acquisition (NASDAQ:SVAC) Sees Strong Trading Volume – What’s Next?

Starboard Value Acquisition Corp. (NASDAQ:SVACGet 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%

The stock’s fifty day moving average price is $10.43 and its 200 day moving average price is $10.39.

Starboard Value Acquisition (NASDAQ:SVACGet 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

(Get Free Report)

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.

See Also

Receive News & Ratings for Starboard Value Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starboard Value Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.