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Southport Acquisition (NYSE:PORT) Stock Price Down 1.8% - Here's Why

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Southport Acquisition Co. (NYSE:PORT - Get Free Report) dropped 1.8% during trading on Wednesday . The company traded as low as $11.01 and last traded at $11.01. Approximately 146 shares traded hands during trading, an increase of 80% from the average daily volume of 81 shares. The stock had previously closed at $11.21.

Southport Acquisition Stock Performance

The stock has a fifty day moving average price of $11.17 and a 200 day moving average price of $11.07.

Southport Acquisition Company Profile

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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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