Insider Selling: 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 Eureka Acquisition stock in a transaction that occurred on Tuesday, December 9th. The shares were 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 legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more 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 transaction of $4,428.00.
• On Friday, December 5th, Wolverine Asset Management Llc sold 2 shares of Eureka Acquisition stock. The shares were sold at an average price of $10.91, for a total transaction of $21.82.
• On Monday, December 1st, Wolverine Asset Management Llc sold 10 shares of Eureka Acquisition stock. The stock was sold at an average price of $10.89, for a total transaction of $108.90.
• On Friday, November 7th, Wolverine Asset Management Llc sold 1,000 shares of Eureka Acquisition stock. The shares were sold at an average price of $10.88, for a total value 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 value of $43.52.
• On Wednesday, November 5th, Wolverine Asset Management Llc sold 18 shares of Eureka Acquisition stock. The stock was sold at an average price of $10.88, for a total value of $195.84.
• On Tuesday, November 4th, Wolverine Asset Management Llc sold 20 shares of Eureka Acquisition stock. The shares were sold at an average price of $10.88, for a total value of $217.60.

Eureka Acquisition Price Performance

Shares of EURK stock opened at $11.00 on Friday. The business’s 50-day moving average price is $10.84 and its 200-day moving average price is $10.68. Eureka Acquisition Corp. has a 12 month low of $10.14 and a 12 month high of $11.20.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Eureka Acquisition in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On Eureka Acquisition

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

Eureka Acquisition Company Profile

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.