Powered Brands (OTCMKTS:POWRU – Get Rating) traded down 0.3% during mid-day trading on Thursday . The stock traded as low as $10.03 and last traded at $10.03. Approximately 919 shares were traded during mid-day trading, a decline of 92% from the average session volume of 11,503 shares. The stock had previously closed at $10.06.
Powered Brands Price Performance
The company’s 50 day moving average price is $9.96 and its two-hundred day moving average price is $9.91.
Institutional Trading of Powered Brands
A number of institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG boosted its position in shares of Powered Brands by 12.9% during the 1st quarter. UBS Group AG now owns 11,644 shares of the company’s stock worth $115,000 after acquiring an additional 1,330 shares in the last quarter. Clear Street LLC acquired a new stake in Powered Brands during the 1st quarter valued at $42,000. Jane Street Group LLC purchased a new position in shares of Powered Brands during the 2nd quarter worth $104,000. Finally, Mint Tower Capital Management B.V. purchased a new position in shares of Powered Brands in the 1st quarter worth $200,000.
About Powered Brands
Powered Brands 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. Powered Brands was incorporated in 2020 and is based in New York, New York.
- Get a free copy of the StockNews.com research report on Powered Brands (POWRU)
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