PowerUp Acquisition (NASDAQ:PWUP) Stock Price Down 11.8% – What’s Next?

PowerUp Acquisition Corp. (NASDAQ:PWUP)’s stock price fell 11.8% on Thursday . The company traded as low as $11.47 and last traded at $11.47. 760 shares changed hands during trading, a decline of 95% from the average session volume of 16,646 shares. The stock had previously closed at $13.00.

PowerUp Acquisition Trading Down 0.2 %

The business has a 50-day moving average price of $11.52 and a two-hundred day moving average price of $11.36.

Institutional Trading of PowerUp Acquisition

An institutional investor recently bought a new position in PowerUp Acquisition stock. First Pacific Advisors LP bought a new stake in shares of PowerUp Acquisition Corp. (NASDAQ:PWUP) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 56,966 shares of the company’s stock, valued at approximately $628,000. First Pacific Advisors LP owned 0.63% of PowerUp Acquisition as of its most recent filing with the Securities and Exchange Commission. 19.17% of the stock is currently owned by hedge funds and other institutional investors.

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.