Pearl Holdings Acquisition (NASDAQ:PRLH) Stock Price Up 0.4% – Here’s What Happened

Pearl Holdings Acquisition Corp (NASDAQ:PRLH)’s stock price rose 0.4% during mid-day trading on Tuesday . The stock traded as high as $11.25 and last traded at $11.25. Approximately 231 shares were traded during trading, a decline of 98% from the average daily volume of 12,866 shares. The stock had previously closed at $11.21.

Pearl Holdings Acquisition Trading Up 0.4 %

The firm’s fifty day moving average is $11.16 and its two-hundred day moving average is $11.06.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Pearl Holdings Acquisition stock. Wolverine Asset Management LLC boosted its stake in Pearl Holdings Acquisition Corp (NASDAQ:PRLH) by 13,618.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,167 shares of the company’s stock after purchasing an additional 88,517 shares during the quarter. Wolverine Asset Management LLC owned approximately 1.24% of Pearl Holdings Acquisition worth $983,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 8.31% of the company’s stock.

Pearl Holdings Acquisition Company Profile

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.