Bold Eagle Acquisition (NASDAQ:BEAGU) Trading Down 0.3% – Here’s What Happened

Bold Eagle Acquisition Corp. (NASDAQ:BEAGU)’s stock price dropped 0.3% on Thursday . The stock traded as low as $10.90 and last traded at $11.00. 1,399 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 5,341 shares. The stock had previously closed at $11.03.

Bold Eagle Acquisition Price Performance

The company has a 50 day simple moving average of $10.96 and a 200 day simple moving average of $10.87.

Institutional Trading of Bold Eagle Acquisition

A hedge fund recently raised its stake in Bold Eagle Acquisition stock. Clear Street Group Inc. increased its position in shares of Bold Eagle Acquisition Corp. (NASDAQ:BEAGU) by 14.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 62,592 shares of the company’s stock after acquiring an additional 7,949 shares during the period. Clear Street Group Inc.’s holdings in Bold Eagle Acquisition were worth $663,000 at the end of the most recent reporting period.

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.