Perception Capital Corp. III (NASDAQ:PFTA) Shares Up 2.6%

Perception Capital Corp. III (NASDAQ:PFTA) shares rose 2.6% during trading on Wednesday . The stock traded as high as $11.29 and last traded at $11.11. Approximately 854 shares changed hands during trading, a decline of 96% from the average daily volume of 22,414 shares. The stock had previously closed at $10.83.

Perception Capital Corp. III Stock Performance

The company has a 50-day moving average of $10.96 and a 200-day moving average of $10.82.

Institutional Trading of Perception Capital Corp. III

A number of hedge funds have recently modified their holdings of the stock. Cable Car Capital LLC purchased a new stake in shares of Perception Capital Corp. III during the 4th quarter worth about $3,724,000. Berkley W R Corp boosted its position in Perception Capital Corp. III by 1,015.2% during the first quarter. Berkley W R Corp now owns 259,043 shares of the company’s stock worth $2,777,000 after purchasing an additional 235,814 shares in the last quarter. Logan Stone Capital LLC acquired a new stake in Perception Capital Corp. III in the second quarter valued at approximately $1,825,000. Quarry LP purchased a new stake in shares of Perception Capital Corp. III in the second quarter valued at approximately $1,086,000. Finally, Virtu Financial LLC acquired a new position in shares of Perception Capital Corp. III during the 1st quarter worth approximately $485,000. Hedge funds and other institutional investors own 26.89% of the company’s stock.

Perception Capital Corp. III Company Profile

Perception Capital Corp. III intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in the financial technology or financial services ecosystem. The company was formerly known as Portage Fintech Acquisition Corporation and changed its name to Perception Capital Corp.