Primavera Capital Acquisition (NYSE:PV) Sees Strong Trading Volume

Primavera Capital Acquisition Co. (NYSE:PVGet Rating) saw unusually-strong trading volume on Friday . Approximately 12,921 shares were traded during mid-day trading, a decline of 82% from the previous session’s volume of 71,386 shares.The stock last traded at $9.87 and had previously closed at $9.86.

Primavera Capital Acquisition Price Performance

The business’s 50-day simple moving average is $9.83 and its 200-day simple moving average is $9.81.

Primavera Capital Acquisition (NYSE:PVGet Rating) last released its earnings results on Friday, May 13th. The company reported $0.01 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Basso Capital Management L.P. bought a new position in shares of Primavera Capital Acquisition during the 1st quarter valued at $121,000. Bank of America Corp DE bought a new position in Primavera Capital Acquisition in the 1st quarter worth $185,000. PEAK6 Investments LLC raised its holdings in Primavera Capital Acquisition by 51.0% in the 4th quarter. PEAK6 Investments LLC now owns 22,809 shares of the company’s stock worth $221,000 after acquiring an additional 7,708 shares during the period. Kohlberg Kravis Roberts & Co. L.P. raised its holdings in Primavera Capital Acquisition by 473.5% in the 1st quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 122,235 shares of the company’s stock worth $1,202,000 after acquiring an additional 100,922 shares during the period. Finally, Prelude Capital Management LLC raised its holdings in Primavera Capital Acquisition by 25.2% in the 1st quarter. Prelude Capital Management LLC now owns 189,412 shares of the company’s stock worth $1,862,000 after acquiring an additional 38,102 shares during the period. Institutional investors own 49.74% of the company’s stock.

Primavera Capital Acquisition Company Profile

(Get Rating)

Primavera Capital Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses in consumer companies China. The company was incorporated in 2020 and is based in Central, Hong Kong.

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