Spring Valley Acquisition Corp. II (NASDAQ:SVII) Stock Price Down 8.3% – Here’s Why

Spring Valley Acquisition Corp. II (NASDAQ:SVII)’s share price was down 8.3% during mid-day trading on Thursday . The stock traded as low as $12.56 and last traded at $12.6950. Approximately 253,830 shares were traded during trading, an increase of 68% from the average daily volume of 150,994 shares. The stock had previously closed at $13.85.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Spring Valley Acquisition Corp. II in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Spring Valley Acquisition Corp. II Price Performance

The business’s fifty day simple moving average is $12.48 and its two-hundred day simple moving average is $12.02.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Spring Valley Acquisition Corp. II stock. Mizuho Securities USA LLC raised its position in Spring Valley Acquisition Corp. II (NASDAQ:SVII) by 16.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 204,004 shares of the company’s stock after buying an additional 28,336 shares during the period. Mizuho Securities USA LLC owned about 2.06% of Spring Valley Acquisition Corp. II worth $2,326,000 at the end of the most recent quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

About Spring Valley Acquisition Corp. II

Spring Valley Acquisition Corp. II does not have significant operations. It intends effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination. The company was incorporated in 2021 and is based in Dallas, Texas.