Evergreen Co. (NASDAQ:EVGRU – Get Rating) shares were up 0.1% on Wednesday . The stock traded as high as $10.33 and last traded at $10.33. Approximately 6,914 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 12,602 shares. The stock had previously closed at $10.32.

Evergreen Stock Up 0.1 %

The firm's 50 day simple moving average is $10.32 and its two-hundred day simple moving average is $10.17.

Institutional Investors Weigh In On Evergreen

Institutional investors have recently added to or reduced their stakes in the company. Starboard Value LP purchased a new stake in shares of Evergreen during the 1st quarter valued at approximately $4,750,000. Glazer Capital LLC purchased a new stake in Evergreen in the 1st quarter worth approximately $4,286,000. Goldman Sachs Group Inc. purchased a new stake in Evergreen in the 1st quarter worth approximately $2,898,000. Walleye Capital LLC purchased a new stake in Evergreen in the 1st quarter worth approximately $2,420,000. Finally, Radcliffe Capital Management L.P. purchased a new stake in Evergreen in the 1st quarter worth approximately $2,298,000.

About Evergreen

Evergreen Corporation is a blank check company. It intends to complete a business combination target on technology companies involved in artificial intelligence, fintech and financial services, the Metaverse, the Internet of Things, eCommerce, social commerce, and Industry 4.0, as well as the new digital economy in the ASEAN region.

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