Golden Star Acquisition (NASDAQ:GODN) Trading Down 60.9% – What’s Next?

Golden Star Acquisition Co. (NASDAQ:GODN) dropped 60.9% on Wednesday . The stock traded as low as $2.57 and last traded at $3.34. Approximately 852,221 shares changed hands during trading, an increase of 2,125% from the average daily volume of 38,295 shares. The stock had previously closed at $8.53.

Golden Star Acquisition Stock Down 60.9 %

The stock has a fifty day simple moving average of $5.99 and a 200-day simple moving average of $9.31.

Institutional Investors Weigh In On Golden Star Acquisition

An institutional investor recently bought a new position in Golden Star Acquisition stock. Westchester Capital Management LLC purchased a new position in Golden Star Acquisition Co. (NASDAQ:GODN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $1,090,000. Westchester Capital Management LLC owned approximately 2.21% of Golden Star Acquisition as of its most recent SEC filing. Institutional investors own 63.69% of the company’s stock.

Golden Star Acquisition Company Profile

Golden Star Acquisition Corporation does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Golden Star Acquisition Corporation was incorporated in 2021 and is based in New York, New York.