Southport Acquisition (NYSE:PORT) Shares Down 0.6% - Here's What Happened

Key Points

• Southport Acquisition Co. (NYSE:PORT) shares decreased by 0.6% during trading, dropping from a previous close of $46.00 to $45.74.
• The company has no significant operations and is focused on merging or acquiring businesses in financial software, particularly in the mortgage and real estate sectors in the U.S.
• Trading volume saw a 21% increase, with 2,919 shares changing hands compared to the average of 2,422 shares.

Southport Acquisition Co. (NYSE:PORT - ) shares fell 0.6% during trading on Monday . The company traded as low as $35.00 and last traded at $45.74. 2,919 shares traded hands during trading, an increase of 21% from the average session volume of 2,422 shares. The stock had previously closed at $46.00.

Southport Acquisition Trading Down 0.6%

The business has a 50-day simple moving average of $16.98 and a 200 day simple moving average of $13.50.

Southport Acquisition Company Profile

Southport Acquisition Corporation 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 or assets. It intends to acquire businesses in the field of financial software with a focus on mortgage and real estate verticals in the United States.

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