Southport Acquisition Co. (NYSE:PORT – Get Free Report)’s share price shot up 0.9% during trading on Tuesday . The company traded as high as $11.47 and last traded at $11.46. 1,280 shares traded hands during mid-day trading, an increase of 306% from the average session volume of 315 shares. The stock had previously closed at $11.36.
Southport Acquisition Stock Performance
The firm’s 50-day simple moving average is $11.27 and its 200 day simple moving average is $11.16.
Southport Acquisition Company Profile
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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