PowerUp Acquisition (NASDAQ:PWUP) Trading Down 10.5% – Should You Sell?

PowerUp Acquisition Corp. (NASDAQ:PWUP)’s share price traded down 10.5% during trading on Tuesday . The stock traded as low as $0.38 and last traded at $0.39. 3,158,828 shares were traded during mid-day trading, an increase of 104,178% from the average session volume of 3,029 shares. The stock had previously closed at $0.43.

PowerUp Acquisition Stock Down 10.5%

The firm has a 50 day moving average price of $0.44 and a 200 day moving average price of $5.83.

Institutional Trading of PowerUp Acquisition

An institutional investor recently bought a new position in PowerUp Acquisition stock. Harraden Circle Investments LLC acquired a new position in PowerUp Acquisition Corp. (NASDAQ:PWUP) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 449,783 shares of the company’s stock, valued at approximately $5,173,000. PowerUp Acquisition comprises 4.7% of Harraden Circle Investments LLC’s investment portfolio, making the stock its 8th biggest holding. Harraden Circle Investments LLC owned 5.79% of PowerUp Acquisition as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 19.17% of the company’s stock.

PowerUp Acquisition Company Profile

PowerUp Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on video gaming, gaming adjacent, and metaverse businesses.