Pioneer Acquisition I (NASDAQ:PACHU) Stock Price Up 0.2% – Here’s Why

Pioneer Acquisition I Corp (NASDAQ:PACHU)’s share price was up 0.2% during trading on Friday . The stock traded as high as $10.21 and last traded at $10.21. Approximately 101 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 1,500 shares. The stock had previously closed at $10.19.

Pioneer Acquisition I Stock Up 0.2%

The business’s 50 day moving average price is $10.20 and its 200 day moving average price is $10.15.

Institutional Trading of Pioneer Acquisition I

Several large investors have recently added to or reduced their stakes in the business. AQR Arbitrage LLC bought a new stake in shares of Pioneer Acquisition I during the 2nd quarter valued at $12,943,000. Magnetar Financial LLC bought a new position in shares of Pioneer Acquisition I in the second quarter worth about $10,010,000. MMCAP International Inc. SPC bought a new position in Pioneer Acquisition I in the 2nd quarter worth approximately $7,504,000. Linden Advisors LP bought a new position in shares of Pioneer Acquisition I during the second quarter worth $7,508,000. Finally, LMR Partners LLP bought a new stake in Pioneer Acquisition I in the 2nd quarter valued at $7,504,000.

About Pioneer Acquisition I

Pioneer Acquisition I Co is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands in 2023. As a blank check company, it has no commercial operations of its own and was formed solely to raise capital for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

In its initial public offering, Pioneer Acquisition I sold 20 million units at a price of $10.00 per unit.