Wolverine Asset Management LLC Boosts Stock Holdings in D. Boral ARC Acquisition I Corp. $BCAR

Wolverine Asset Management LLC boosted its stake in shares of D. Boral ARC Acquisition I Corp. (NASDAQ:BCAR) by 33.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,134,863 shares of the company’s stock after acquiring an additional 284,863 shares during the period. Wolverine Asset Management LLC’s holdings in D. Boral ARC Acquisition I were worth $11,383,000 at the end of the most recent quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings assumed coverage on shares of D. Boral ARC Acquisition I in a research note on Monday, January 26th. They set a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

D. Boral ARC Acquisition I Stock Performance

NASDAQ:BCAR opened at $10.22 on Monday. D. Boral ARC Acquisition I Corp. has a fifty-two week low of $9.88 and a fifty-two week high of $10.65. The stock’s 50 day moving average is $10.15.

D. Boral ARC Acquisition I Profile

D. Boral ARC Acquisition I (NASDAQ: BCAR) is a special purpose acquisition company (SPAC), commonly referred to as a blank?check company, formed to raise capital through a public offering and to effect a merger, share exchange, asset acquisition or similar business combination with one or more operating businesses. As a SPAC, its primary activity is identifying and negotiating a business combination rather than conducting commercial operations itself.

Publicly available disclosures do not identify a confirmed target company, a specific industry focus or detailed information about the company’s leadership and sponsors in widely accessible sources.