Spring Valley Acquisition Corp. (NASDAQ:SV – Get Rating) traded down 4.5% on Tuesday . The company traded as low as $7.87 and last traded at $7.93. 766,023 shares were traded during mid-day trading, an increase of 44% from the average session volume of 530,580 shares. The stock had previously closed at $8.30.
Spring Valley Acquisition Price Performance
The stock’s 50 day simple moving average is $8.67 and its two-hundred day simple moving average is $9.97.
Institutional Investors Weigh In On Spring Valley Acquisition
Institutional investors and hedge funds have recently modified their holdings of the business. Nomura Holdings Inc. boosted its holdings in shares of Spring Valley Acquisition by 336.2% in the first quarter. Nomura Holdings Inc. now owns 750,000 shares of the company’s stock valued at $7,929,000 after buying an additional 578,041 shares during the period. Bank of America Corp DE increased its position in Spring Valley Acquisition by 27.1% during the first quarter. Bank of America Corp DE now owns 700,000 shares of the company’s stock worth $7,329,000 after acquiring an additional 149,100 shares during the period. Goldman Sachs Group Inc. bought a new position in Spring Valley Acquisition during the first quarter worth about $653,000. Cetera Advisor Networks LLC bought a new position in Spring Valley Acquisition during the first quarter worth about $205,000. Finally, Citigroup Inc. acquired a new stake in Spring Valley Acquisition during the first quarter worth about $183,000. 69.38% of the stock is owned by institutional investors.
About Spring Valley Acquisition
Spring Valley Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Dallas, Texas.
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