Pioneer Acquisition I (NASDAQ:PACHU) Cut to “Sell” at Wall Street Zen

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

Pioneer Acquisition I Stock Performance

Shares of NASDAQ PACHU opened at $10.03 on Friday. Pioneer Acquisition I has a 1-year low of $9.70 and a 1-year high of $10.08.

Institutional Investors Weigh In On Pioneer Acquisition I

Several hedge funds and other institutional investors have recently made changes to their positions in PACHU. Deltec Asset Management LLC bought a new stake in shares of Pioneer Acquisition I during the second quarter worth about $100,000. Meteora Capital LLC bought a new stake in Pioneer Acquisition I in the 2nd quarter worth about $300,000. Crossingbridge Advisors LLC bought a new stake in Pioneer Acquisition I in the 2nd quarter worth about $488,000. Timelo Investment Management Inc. bought a new stake in Pioneer Acquisition I in the 2nd quarter worth about $600,000. Finally, Gritstone Asset Management LLC bought a new stake in Pioneer Acquisition I in the 2nd quarter worth about $700,000.

Pioneer Acquisition I Company Profile

We are a blank check company incorporated as an exempted company under the laws of the Cayman Islands on August 28, 2024, which will seek to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination.