Pearl Holdings Acquisition (NASDAQ:PRLH) Stock Price Up 1%

Shares of Pearl Holdings Acquisition Corp (NASDAQ:PRLHGet Free Report) rose 1% during mid-day trading on Wednesday . The stock traded as high as $10.91 and last traded at $10.91. Approximately 2,422 shares were traded during trading, a decline of 75% from the average daily volume of 9,711 shares. The stock had previously closed at $10.80.

Pearl Holdings Acquisition Stock Performance

The company has a 50 day simple moving average of $10.75 and a 200-day simple moving average of $10.74.

Institutional Investors Weigh In On Pearl Holdings Acquisition

Hedge funds have recently added to or reduced their stakes in the company. Polar Asset Management Partners Inc. bought a new stake in shares of Pearl Holdings Acquisition in the 1st quarter valued at about $4,940,000. Berkley W R Corp lifted its stake in shares of Pearl Holdings Acquisition by 86.3% in the 2nd quarter. Berkley W R Corp now owns 1,022,776 shares of the company’s stock valued at $10,801,000 after acquiring an additional 473,792 shares during the last quarter. Starboard Value LP bought a new stake in shares of Pearl Holdings Acquisition in the 1st quarter valued at about $4,356,000. First Trust Capital Management L.P. lifted its stake in shares of Pearl Holdings Acquisition by 565.9% in the 1st quarter. First Trust Capital Management L.P. now owns 436,568 shares of the company’s stock valued at $4,558,000 after acquiring an additional 371,005 shares during the last quarter. Finally, Glazer Capital LLC bought a new stake in shares of Pearl Holdings Acquisition in the 4th quarter valued at about $3,554,000. Institutional investors own 8.31% of the company’s stock.

Pearl Holdings Acquisition Company Profile

(Get Free Report)

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.

Further Reading

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