Bold Eagle Acquisition (NASDAQ:BEAGU) Shares Down 1.2% – Here’s Why

Shares of Bold Eagle Acquisition Corp. (NASDAQ:BEAGU – Get Free Report) fell 1.2% on Tuesday. The stock traded as low as $11.09 and last traded at $11.09. Approximately 515 shares were traded during mid-day trading, a decline of 90% from the average session volume of 5,015 shares. The stock had previously closed at $11.22.

Bold Eagle Acquisition Stock Down 3.4%

The stock’s fifty day moving average price is $10.99 and its two-hundred day moving average price is $10.91.

About Bold Eagle Acquisition

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Bold Eagle Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a business combination with one or more private companies. Its objective may be achieved through a merger, stock purchase, asset acquisition, reorganization or a similar transaction.

As a SPAC, Bold Eagle Acquisition does not operate a traditional business or currently offer products and services of its own. The company’s activities are focused on identifying and evaluating potential acquisition targets and completing a transaction that would result in a publicly traded operating company.

Bold Eagle Acquisition’s units trade on the Nasdaq under the symbol BEAGU.

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