Shares of Perception Capital Corp. III (NASDAQ:PFTA – Get Free Report) rose 2.6% on Wednesday . The company traded as high as $11.29 and last traded at $11.11. Approximately 854 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 22,414 shares. The stock had previously closed at $10.83.
Perception Capital Corp. III Price Performance
The company’s 50 day moving average price is $10.96 and its two-hundred day moving average price is $10.82.
Institutional Investors Weigh In On Perception Capital Corp. III
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cable Car Capital LLC acquired a new position in shares of Perception Capital Corp. III in the 4th quarter worth approximately $3,724,000. Mizuho Securities USA LLC boosted its position in shares of Perception Capital Corp. III by 208.5% during the fourth quarter. Mizuho Securities USA LLC now owns 31,974 shares of the company’s stock worth $329,000 after buying an additional 21,609 shares during the period. Karpus Management Inc. acquired a new stake in shares of Perception Capital Corp. III in the first quarter valued at $263,000. Prosperity Consulting Group LLC purchased a new stake in shares of Perception Capital Corp. III in the 1st quarter valued at $131,000. Finally, Tuttle Capital Management LLC lifted its stake in Perception Capital Corp. III by 50.0% during the 1st quarter. Tuttle Capital Management LLC now owns 30,000 shares of the company’s stock worth $322,000 after acquiring an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 26.89% of the company’s stock.
About Perception Capital Corp. III
Perception Capital Corp. III intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in the financial technology or financial services ecosystem. The company was formerly known as Portage Fintech Acquisition Corporation and changed its name to Perception Capital Corp.
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