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

Golden Star Acquisition Co. (NASDAQ:GODN)’s share price fell 60.9% on Tuesday . The company traded as low as $2.57 and last traded at $3.34. 852,221 shares changed hands during mid-day 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 Stock Down 60.9 %

The stock’s 50 day moving average is $8.52 and its two-hundred day moving average is $10.15.

Institutional Trading of Golden Star Acquisition

A hedge fund recently bought a new stake in Golden Star Acquisition stock. Toronto Dominion Bank acquired a new stake in Golden Star Acquisition Co. (NASDAQ:GODN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 182,425 shares of the company’s stock, valued at approximately $2,036,000. Toronto Dominion Bank owned about 4.03% of Golden Star Acquisition at the end of the most recent quarter. 63.69% of the stock is 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.