Perception Capital Corp. III (NASDAQ:PFTA) Trading Down 0.6%

Perception Capital Corp. III (NASDAQ:PFTA)’s stock price fell 0.6% on Friday . The company traded as low as $10.71 and last traded at $10.71. 31,093 shares were traded during trading, an increase of 98% from the average session volume of 15,678 shares. The stock had previously closed at $10.77.

Perception Capital Corp. III Trading Down 0.6 %

The business’s 50-day simple moving average is $10.69 and its two-hundred day simple moving average is $10.59.

Hedge Funds Weigh In On Perception Capital Corp. III

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dryden Capital LLC bought a new position in shares of Perception Capital Corp. III in the fourth quarter valued at approximately $6,469,000. Cowen Investment Management LLC bought a new position in shares of Perception Capital Corp. III in the second quarter valued at approximately $4,154,000. Westchester Capital Management LLC boosted its position in shares of Perception Capital Corp. III by 53.4% in the second quarter. Westchester Capital Management LLC now owns 1,127,797 shares of the company’s stock valued at $11,718,000 after acquiring an additional 392,518 shares during the period. Cable Car Capital LLC bought a new position in shares of Perception Capital Corp. III in the fourth quarter valued at approximately $3,724,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Perception Capital Corp. III in the second quarter valued at approximately $1,436,000. Institutional investors own 26.89% of the company’s stock.

About Perception Capital Corp. III

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.