Wall Street Zen Downgrades Pioneer Acquisition I (NASDAQ:PACH) to Sell

Pioneer Acquisition I (NASDAQ:PACH) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Sunday.

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Pioneer Acquisition I in a research note on Thursday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Pioneer Acquisition I currently has a consensus rating of “Sell”.

Pioneer Acquisition I Trading Down 0.1%

Shares of NASDAQ:PACH opened at $10.15 on Friday. The business has a 50-day moving average of $10.01. Pioneer Acquisition I has a fifty-two week low of $9.94 and a fifty-two week high of $10.16.

Institutional Investors Weigh In On Pioneer Acquisition I

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AQR Arbitrage LLC bought a new stake in Pioneer Acquisition I during the 3rd quarter valued at approximately $9,787,000. Two Sigma Investments LP bought a new stake in shares of Pioneer Acquisition I during the third quarter worth $7,927,000. Shaolin Capital Management LLC bought a new position in Pioneer Acquisition I in the third quarter worth approximately $6,972,000. Wolverine Asset Management LLC purchased a new position in Pioneer Acquisition I during the third quarter valued at approximately $6,731,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in shares of Pioneer Acquisition I during the third quarter valued at about $5,976,000.

About Pioneer Acquisition I

Pioneer Acquisition I Corp is a blank check company. It formed for the purpose of merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Pioneer Acquisition I Corp is based in BROOKLYN, N.Y.