Shares of Pearl Holdings Acquisition Corp (NASDAQ:PRLH – Get Free Report) fell 2.1% during trading on Tuesday . The stock traded as low as $10.82 and last traded at $10.82. 3,229 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 8,904 shares. The stock had previously closed at $11.05.
Pearl Holdings Acquisition Stock Down 2.1 %
The company’s 50 day simple moving average is $10.82 and its 200 day simple moving average is $10.77.
Institutional Trading of Pearl Holdings Acquisition
Several hedge funds and other institutional investors have recently bought and sold shares of PRLH. BCK Capital Management LP purchased a new stake in shares of Pearl Holdings Acquisition during the 3rd quarter valued at $796,000. K2 Principal Fund L.P. purchased a new stake in shares of Pearl Holdings Acquisition during the 4th quarter valued at $1,071,000. Wolverine Asset Management LLC grew its stake in shares of Pearl Holdings Acquisition by 595.5% during the 3rd quarter. Wolverine Asset Management LLC now owns 329,029 shares of the company’s stock valued at $3,527,000 after buying an additional 281,724 shares during the period. Periscope Capital Inc. grew its stake in shares of Pearl Holdings Acquisition by 46.7% during the 3rd quarter. Periscope Capital Inc. now owns 801,813 shares of the company’s stock valued at $8,595,000 after buying an additional 255,307 shares during the period. Finally, Cowen AND Company LLC grew its stake in shares of Pearl Holdings Acquisition by 5.4% during the 3rd quarter. Cowen AND Company LLC now owns 1,113,091 shares of the company’s stock valued at $11,932,000 after buying an additional 56,918 shares during the period. 8.31% of the stock is owned by hedge funds and other institutional investors.
About Pearl Holdings Acquisition
Pearl Holdings Acquisition Corp does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search for a target business operating in the lifestyle, health and wellness, and technology sectors.
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