In today’s recent session, 1.5 million shares of the Starboard Value Acquisition Corp. (NASDAQ:SVAC) were traded. Most recently the company’s share price was $9.97, and it changed around $0.01 or 0.10% from the last close, which brings the market valuation of the company to $921.20M. SVAC at last check was trading at a discount to its 52-week high of $12.00, offering almost -20.36% off that amount. The share price’s 52-week low was $9.65, which indicates that the recent value has risen by an impressive 3.21% since then. We note from Starboard Value Acquisition Corp.’s average daily trading volume that its 10-day average is 0.78 million shares, with the 3-month average coming to 452.41K.
Instantly SVAC has been showing a green trend so far today with a performance of 0.10% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 9.98 on Tuesday, 07/20/21 increased the stock’s daily price by 0.1%. The company’s shares are currently down -3.86% year-to-date, but still down -0.50% over the last five days. On the other hand, Starboard Value Acquisition Corp. (NASDAQ:SVAC) is 0.10% down in the 30-day period. We can see from the shorts that 0.53 million shares have been sold at a short interest cover period of 1.41 day(s).
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Starboard Value Acquisition Corp. (SVAC) estimates and forecasts
Starboard Value Acquisition Corp.’s next quarterly earnings report is expected to be released in August.
Starboard Value Acquisition Corp. (NASDAQ:SVAC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.00% of Starboard Value Acquisition Corp. shares, and 63.23% of them are in the hands of institutional investors. The stock currently has a share float of 63.23%. Starboard Value Acquisition Corp. stock is held by 101 institutions, with Weiss Asset Management LP being the largest institutional investor. By Mar 30, 2021, it held 4.04% of the shares, which is about 1.63 million shares worth $16.23 million.
TIG Advisors, LLC, with 3.80% or 1.53 million shares worth $15.23 million as of Mar 30, 2021, holds the second largest percentage of outstanding shares.
Collaborative Inv Ser Tr-SPAC and New Issue ETF and Merger Fund, The were the top two Mutual Funds as of Mar 30, 2021. The former held 0.64 million shares worth $6.31 million, making up 1.57% of all outstanding shares. On the other hand, Merger Fund, The held roughly 0.4 million shares worth around $3.97 million, which represents about 0.99% of the total shares outstanding.
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