Golden Star Acquisition (NASDAQ:GODN) Stock Price Down 60.9% – Should You Sell?

Golden Star Acquisition Co. (NASDAQ:GODN) fell 60.9% during mid-day trading on Tuesday . The company traded as low as $2.57 and last traded at $3.34. 852,221 shares were traded during trading, an increase of 3,601% from the average session volume of 23,028 shares. The stock had previously closed at $8.53.

Golden Star Acquisition Trading Down 60.9 %

The stock’s fifty day moving average price is $8.52 and its 200-day moving average price is $10.15.

Institutional Trading of Golden Star Acquisition

A hedge fund recently bought a new stake in Golden Star Acquisition stock. Westchester Capital Management LLC bought a new stake in Golden Star Acquisition Co. (NASDAQ:GODN) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 100,000 shares of the company’s stock, valued at approximately $1,090,000. Westchester Capital Management LLC owned about 2.21% of Golden Star Acquisition as of its most recent filing with the Securities and Exchange Commission. 63.69% of the stock is currently owned by institutional investors and hedge funds.

About Golden Star Acquisition

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.