Perceptive Capital Solutions (NASDAQ:PCSC) Trading 0.2% Higher - Here's Why

Key Points

• Perceptive Capital Solutions Corp. shares rose 0.2% to $10.63, despite trading volume decreasing by 32% compared to its average session.
• Weiss Ratings maintained a "sell (d-)" rating on the stock, which aligns with the overall average rating of "Sell" from analysts.
• Several institutional investors increased their stakes in Perceptive Capital Solutions, with Sculptor Capital LP raising its investment by 0.5% and FNY Investment Advisers LLC by 10.1% in recent quarters.

Shares of Perceptive Capital Solutions Corp. (NASDAQ:PCSC - Get Free Report) traded up 0.2% during mid-day trading on Friday . The stock traded as high as $10.63 and last traded at $10.63. 1,000 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 1,467 shares. The stock had previously closed at $10.60.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Perceptive Capital Solutions in a report on Wednesday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Perceptive Capital Solutions currently has an average rating of "Sell".

Perceptive Capital Solutions Stock Up 0.2%

The stock's 50 day simple moving average is $10.70 and its two-hundred day simple moving average is $10.56.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Sculptor Capital LP lifted its stake in Perceptive Capital Solutions by 0.5% in the 2nd quarter. Sculptor Capital LP now owns 415,090 shares of the company's stock worth $4,408,000 after purchasing an additional 2,243 shares in the last quarter. FNY Investment Advisers LLC lifted its stake in Perceptive Capital Solutions by 10.1% in the 1st quarter. FNY Investment Advisers LLC now owns 110,110 shares of the company's stock worth $1,134,000 after purchasing an additional 10,110 shares in the last quarter. Berkley W R Corp purchased a new position in Perceptive Capital Solutions in the 2nd quarter worth approximately $169,000. Rangeley Capital LLC purchased a new stake in shares of Perceptive Capital Solutions during the 2nd quarter valued at approximately $212,000. Finally, Fifth Lane Capital LP purchased a new stake in shares of Perceptive Capital Solutions during the 1st quarter valued at approximately $480,000.

Perceptive Capital Solutions Company Profile

Perceptive Capital Solutions Corp is a blank check company. It formed for the purpose of entering into a combination with one or more businesses or entities. Perceptive Capital Solutions Corp is based in NEW YORK.

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