Shares of Silver Eagle Acquisition Corp (OTCMKTS:EAGL) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as low as $8.18. Silver Eagle Acquisition shares last traded at $8.28, with a volume of 54,454 shares changing hands.
The company’s 50-day moving average is $8.91.
An institutional investor recently bought a new position in Silver Eagle Acquisition stock. BlackRock Inc. purchased a new stake in shares of Silver Eagle Acquisition Corp (OTCMKTS:EAGL) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,000,000 shares of the company’s stock, valued at approximately $10,080,000. BlackRock Inc. owned 3.08% of Silver Eagle Acquisition as of its most recent filing with the SEC.
Silver Eagle Acquisition Corp. is a United States-based blank check company. The Company will seek to capitalize on the deal sourcing, investing and operating to indentify, acquire and operate media or entertainment businesses, including providers of content in the United States or internationally, although it may pursue acquisition opportunities in other sectors.
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