Somewhat Positive Media Coverage Somewhat Unlikely to Impact Easterly Acquisition Corp. (EACQ) Stock Price
Headlines about Easterly Acquisition Corp. (NASDAQ:EACQ) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Easterly Acquisition Corp. earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned headlines about the company an impact score of 44.2264639135907 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Easterly Acquisition Corp. (NASDAQ EACQ) traded down 0.250% during trading on Tuesday, reaching $9.975. 16,111 shares of the company were exchanged. Easterly Acquisition Corp. has a one year low of $9.25 and a one year high of $11.85. The stock’s market capitalization is $63.88 million. The stock has a 50-day moving average price of $10.01 and a 200-day moving average price of $9.97.
In related news, major shareholder Polar Asset Management Partner sold 2,000,000 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $10.00, for a total transaction of $20,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 20.00% of the company’s stock.
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Easterly Acquisition Corp. Company Profile
Easterly Acquisition Corp. is a blank check company. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company’s efforts to identify a target business will not be limited to a particular industry or geographic region, although it seeks to focus on companies operating in the financial services industry.
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