Southport Acquisition Co. (NYSE:PORT – Get Free Report) shares were down 1.4% during trading on Wednesday . The company traded as low as $11.83 and last traded at $11.83. Approximately 3,983 shares changed hands during mid-day trading, an increase of 77% from the average daily volume of 2,245 shares. The stock had previously closed at $12.00.
Southport Acquisition Trading Down 1.4%
The firm’s 50-day moving average price is $11.85 and its two-hundred day moving average price is $11.47.
About Southport Acquisition
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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