Shares of PowerUp Acquisition Corp. (NASDAQ:PWUP - Get Free Report) rose 1.8% during mid-day trading on Wednesday . The company traded as high as $11.46 and last traded at $11.46. Approximately 390 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 22,944 shares. The stock had previously closed at $11.26.
PowerUp Acquisition Price Performance
The stock has a 50-day moving average of $11.34 and a 200-day moving average of $11.10.
Hedge Funds Weigh In On PowerUp Acquisition
Several institutional investors have recently modified their holdings of PWUP. Robinson Capital Management LLC boosted its stake in PowerUp Acquisition by 247.8% in the third quarter. Robinson Capital Management LLC now owns 11,250 shares of the company's stock worth $130,000 after buying an additional 8,015 shares in the last quarter. Tuttle Capital Management LLC purchased a new stake in PowerUp Acquisition in the fourth quarter worth approximately $185,000. First Pacific Advisors LP purchased a new stake in PowerUp Acquisition in the first quarter worth approximately $628,000. Finally, Shaolin Capital Management LLC purchased a new stake in PowerUp Acquisition in the third quarter worth approximately $902,000. 19.17% of the stock is currently owned by institutional investors.
PowerUp Acquisition Company Profile
(
Get Free Report)
PowerUp Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on video gaming, gaming adjacent, and metaverse businesses.
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