Shares of PowerUp Acquisition Corp. (NASDAQ:PWUP - Get Free Report) were down 11.8% during trading on Thursday . The stock traded as low as $11.47 and last traded at $11.47. Approximately 760 shares were traded during trading, a decline of 95% from the average daily volume of 16,646 shares. The stock had previously closed at $13.00.
PowerUp Acquisition Stock Performance
The firm's 50-day simple moving average is $11.52 and its 200-day simple moving average is $11.36.
Institutional Trading of PowerUp Acquisition
An institutional investor recently bought a new position in PowerUp Acquisition stock. First Pacific Advisors LP purchased a new stake in shares of PowerUp Acquisition Corp. (NASDAQ:PWUP - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 56,966 shares of the company's stock, valued at approximately $628,000. First Pacific Advisors LP owned 0.63% of PowerUp Acquisition as of its most recent SEC filing. Hedge funds and other institutional investors own 19.17% of the company's stock.
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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