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PowerUp Acquisition (NASDAQ:PWUP) Shares Down 0.3% - Should You Sell?

PowerUp Acquisition logo with Unclassified background

PowerUp Acquisition Corp. (NASDAQ:PWUP - Get Free Report)'s share price was down 0.3% on Friday . The company traded as low as $11.41 and last traded at $11.41. Approximately 1,954 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 15,209 shares. The stock had previously closed at $11.44.

PowerUp Acquisition Stock Performance

The firm's 50-day simple moving average is $11.67 and its 200 day simple moving average is $11.44.

Institutional Trading of PowerUp Acquisition

A hedge fund recently bought a new stake in PowerUp Acquisition stock. First Pacific Advisors LP bought a new stake in PowerUp Acquisition Corp. (NASDAQ:PWUP - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 56,966 shares of the company's stock, valued at approximately $628,000. First Pacific Advisors LP owned about 0.63% of PowerUp Acquisition as of its most recent filing with the Securities and Exchange Commission. 19.17% of the stock is 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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Should you invest $1,000 in PowerUp Acquisition right now?

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