Perception Capital Corp. III (NASDAQ:PFTA) Trading Down 0.3% - Should You Sell?

Perception Capital Corp. III (NASDAQ:PFTA - Get Free Report) dropped 0.3% on Wednesday . The company traded as low as $10.87 and last traded at $10.87. Approximately 559 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 22,375 shares. The stock had previously closed at $10.90.

Perception Capital Corp. III Stock Performance

The company has a 50-day moving average of $10.95 and a 200-day moving average of $10.89.

Institutional Trading of Perception Capital Corp. III

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP acquired a new stake in Perception Capital Corp. III during the second quarter worth about $1,086,000. Karpus Management Inc. acquired a new position in Perception Capital Corp. III during the 1st quarter valued at approximately $263,000. Berkley W R Corp boosted its position in Perception Capital Corp. III by 31.7% during the 2nd quarter. Berkley W R Corp now owns 341,197 shares of the company's stock valued at $3,705,000 after purchasing an additional 82,154 shares during the period. Prosperity Consulting Group LLC bought a new position in Perception Capital Corp. III during the 1st quarter worth $131,000. Finally, Logan Stone Capital LLC acquired a new stake in Perception Capital Corp. III in the second quarter worth $1,825,000. 26.89% of the stock is owned by institutional investors and hedge funds.

Perception Capital Corp. III Company Profile

Perception Capital Corp. III does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in the financial technology or financial services ecosystem. The company was formerly known as Portage Fintech Acquisition Corporation and changed its name to Perception Capital Corp.