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Southport Acquisition (NYSE:PORT) Shares Up 2.2% - Should You Buy?

Southport Acquisition logo with background

Southport Acquisition Co. (NYSE:PORT - Get Free Report)'s stock price traded up 2.2% during trading on Friday . The stock traded as high as $11.72 and last traded at $11.72. 1,335 shares were traded during mid-day trading, an increase of 262% from the average session volume of 369 shares. The stock had previously closed at $11.47.

Southport Acquisition Stock Performance

The firm's 50 day simple moving average is $11.42 and its 200-day simple moving average is $11.24.

Southport Acquisition Company Profile

(Get Free Report)

Southport Acquisition Corporation 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 or assets. It intends to acquire businesses in the field of financial software with a focus on mortgage and real estate verticals in the United States.

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