D. Boral ARC Acquisition I (NASDAQ:XLAB) Stock Price Down 25.3% – What’s Next?

D. Boral ARC Acquisition I Corp. (NASDAQ:XLAB)’s share price was down 25.3% during trading on Monday. The company traded as low as $1.09 and last traded at $1.12. Approximately 1,303,034 shares traded hands during trading, a decline of 93% from the average daily volume of 17,711,992 shares. The stock had previously closed at $1.50.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded D. Boral ARC Acquisition I from a “sell (e)” rating to a “sell (d-)” rating in a report on Friday, August 14th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has an average rating of “Sell”.

D. Boral ARC Acquisition I Stock Performance

The company has a 50-day simple moving average of $3.17 and a two-hundred day simple moving average of $8.51.

D. Boral ARC Acquisition I (NASDAQ:XLAB) last released its quarterly earnings data on Friday, August 14th. The company reported $0.05 EPS for the quarter.

Institutional Trading of D. Boral ARC Acquisition I

Several institutional investors and hedge funds have recently added to or reduced their stakes in XLAB. Harraden Circle Investments LLC increased its stake in shares of D. Boral ARC Acquisition I by 23.9% during the 2nd quarter. Harraden Circle Investments LLC now owns 2,643,991 shares of the company’s stock worth $27,577,000 after purchasing an additional 510,137 shares during the last quarter. FNY Investment Advisers LLC increased its position in D. Boral ARC Acquisition I by 218.6% during the second quarter. FNY Investment Advisers LLC now owns 288,889 shares of the company’s stock worth $3,013,000 after buying an additional 198,218 shares during the last quarter. Bank of America Corp DE acquired a new position in D. Boral ARC Acquisition I during the first quarter worth approximately $1,012,000. Readystate Asset Management LP bought a new stake in D. Boral ARC Acquisition I in the first quarter valued at approximately $1,012,000. Finally, Berkley W R Corp raised its stake in D. Boral ARC Acquisition I by 1.7% in the first quarter. Berkley W R Corp now owns 226,854 shares of the company’s stock valued at $2,296,000 after buying an additional 3,686 shares during the period.

D. Boral ARC Acquisition I Company Profile

D. Boral ARC Acquisition I is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. Potential transactions may include a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar transaction. As a blank-check company, D. Boral ARC Acquisition I does not have established operating products or services of its own. Its activities are primarily focused on evaluating potential acquisition targets and pursuing a suitable transaction, subject to shareholder approval and other customary conditions.