Bold Eagle Acquisition (NASDAQ:BEAGU) Trading 1.5% Higher – Time to Buy?

Bold Eagle Acquisition Corp. (NASDAQ:BEAGU) shares traded up 1.5% during mid-day trading on Friday . The stock traded as high as $11.00 and last traded at $10.95. 3,797 shares were traded during mid-day trading, a decline of 41% from the average session volume of 6,435 shares. The stock had previously closed at $10.79.

Bold Eagle Acquisition Stock Up 1.5%

The company has a 50 day simple moving average of $10.78 and a 200-day simple moving average of $10.83.

Hedge Funds Weigh In On Bold Eagle Acquisition

A hedge fund recently bought a new stake in Bold Eagle Acquisition stock. Clear Street Group Inc. acquired a new stake in shares of Bold Eagle Acquisition Corp. (NASDAQ:BEAGU) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 54,643 shares of the company’s stock, valued at approximately $585,000.

About Bold Eagle Acquisition

Bold Eagle Acquisition (NASDAQ: BEAGU) is a special purpose acquisition company incorporated in Delaware and listed on the Nasdaq Capital Market. The company was formed to raise capital in order to merge with, acquire or otherwise combine with one or more businesses, enabling a private company to become publicly traded without undergoing the traditional initial public offering process.

Through its initial public offering, Bold Eagle Acquisition offers units consisting of common shares and warrants.