Perception Capital Corp. III (NASDAQ:PFTA) Trading Down 0.3% – Should You Sell?

Perception Capital Corp. III (NASDAQ:PFTA) shares dropped 0.3% during mid-day trading on Wednesday . The stock traded as low as $10.87 and last traded at $10.87. Approximately 559 shares changed hands during trading, a decline of 98% from the average daily volume of 22,375 shares. The stock had previously closed at $10.90.

Perception Capital Corp. III Trading Down 0.3 %

The company’s fifty day simple moving average is $10.94 and its 200-day simple moving average is $10.89.

Institutional Investors Weigh In On Perception Capital Corp. III

A number of hedge funds have recently modified their holdings of PFTA. Quarry LP purchased a new position in Perception Capital Corp. III during the second quarter worth about $1,086,000. Logan Stone Capital LLC purchased a new position in Perception Capital Corp. III during the second quarter worth about $1,825,000. Berkley W R Corp raised its stake in Perception Capital Corp. III by 31.7% during the second quarter. Berkley W R Corp now owns 341,197 shares of the company’s stock worth $3,705,000 after purchasing an additional 82,154 shares during the period. Clear Street LLC raised its stake in shares of Perception Capital Corp. III by 10,381.9% in the 2nd quarter. Clear Street LLC now owns 34,800 shares of the company’s stock valued at $378,000 after acquiring an additional 34,468 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Perception Capital Corp. III in the 1st quarter valued at approximately $485,000. 26.89% of the stock is currently owned by institutional investors and hedge funds.

Perception Capital Corp. III Company Profile

Perception Capital Corp. III does not have significant operations. It 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.