Perceptive Capital Solutions (NASDAQ:PCSC) Trading Down 4.4% – Here’s What Happened

Perceptive Capital Solutions Corp. (NASDAQ:PCSC)’s share price fell 4.4% on Thursday . The stock traded as low as $10.71 and last traded at $10.90. Approximately 506,443 shares changed hands during trading, an increase of 166% from the average daily volume of 190,066 shares. The stock had previously closed at $11.40.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Perceptive Capital Solutions in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Perceptive Capital Solutions Price Performance

The company has a market cap of $97.12 million, a price-to-earnings ratio of 545.00 and a beta of 0.36. The stock has a 50-day moving average price of $11.15 and a 200 day moving average price of $12.00.

Institutional Trading of Perceptive Capital Solutions

Large investors have recently bought and sold shares of the business. Sculptor Capital LP lifted its stake in Perceptive Capital Solutions by 0.5% in the second quarter. Sculptor Capital LP now owns 415,090 shares of the company’s stock valued at $4,408,000 after buying an additional 2,243 shares in the last quarter. Geode Capital Management LLC bought a new stake in shares of Perceptive Capital Solutions during the fourth quarter worth $138,000. Readystate Asset Management LP bought a new stake in shares of Perceptive Capital Solutions during the fourth quarter worth $143,000. Radcliffe Capital Management L.P. acquired a new stake in shares of Perceptive Capital Solutions during the third quarter worth $128,000. Finally, Periscope Capital Inc. acquired a new stake in shares of Perceptive Capital Solutions during the fourth quarter worth $261,000.

About Perceptive Capital Solutions

Perceptive Capital Solutions Corp is a blank check company. It formed for the purpose of entering into a combination with one or more businesses or entities. Perceptive Capital Solutions Corp is based in NEW YORK.