Eureka Acquisition (NASDAQ:EURK) Major Shareholder Sells $10,890.00 in Stock

Eureka Acquisition Corp. (NASDAQ:EURK) major shareholder Wolverine Asset Management Llc sold 1,000 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $10.89, for a total transaction of $10,890.00. Following the sale, the insider directly owned 396,324 shares in the company, valued at $4,315,968.36. This trade represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, December 10th, Wolverine Asset Management Llc sold 400 shares of Eureka Acquisition stock. The shares were sold at an average price of $11.07, for a total value of $4,428.00.
• On Friday, December 5th, Wolverine Asset Management Llc sold 2 shares of Eureka Acquisition stock. The stock was sold at an average price of $10.91, for a total value of $21.82.
• On Monday, December 1st, Wolverine Asset Management Llc sold 10 shares of Eureka Acquisition stock. The shares were sold at an average price of $10.89, for a total value of $108.90.
• On Friday, November 7th, Wolverine Asset Management Llc sold 1,000 shares of Eureka Acquisition stock. The stock was sold at an average price of $10.88, for a total transaction of $10,880.00.
• On Thursday, November 6th, Wolverine Asset Management Llc sold 4 shares of Eureka Acquisition stock. The shares were 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 transaction of $195.84.
• On Tuesday, November 4th, Wolverine Asset Management Llc sold 20 shares of Eureka Acquisition stock. The stock was sold at an average price of $10.88, for a total value of $217.60.

Eureka Acquisition Price Performance

NASDAQ EURK traded up $0.11 during trading on Thursday, reaching $11.00. 9,307 shares of the company’s stock were exchanged, compared to its average volume of 1,988. The business has a 50 day moving average price of $10.83 and a 200-day moving average price of $10.67. Eureka Acquisition Corp. has a fifty-two week low of $10.14 and a fifty-two week high of $11.20.

Hedge Funds Weigh In On Eureka Acquisition

Several hedge funds and other institutional investors have recently made changes to their positions in EURK. Clear Street Group Inc. bought a new stake in shares of Eureka Acquisition during the third quarter worth about $729,000. Gabelli Funds LLC bought a new stake in Eureka Acquisition during the first quarter worth $743,000. Polar Asset Management Partners Inc. purchased a new position in shares of Eureka Acquisition in the 1st quarter worth approximately $1,288,000. Meteora Capital LLC purchased a new position in Eureka Acquisition in the third quarter valued at about $1,386,000. Finally, Crossingbridge Advisors LLC purchased a new stake in Eureka Acquisition in the 3rd quarter worth about $1,431,000.

Analyst Upgrades and Downgrades

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

About Eureka Acquisition

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.