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Southport Acquisition (NYSE:PORT) Trading Down 1.4% - Here's Why

Southport Acquisition logo with Financial Services background

Southport Acquisition Co. (NYSE:PORT - Get Free Report)'s share price fell 1.4% during mid-day trading on Wednesday . The company traded as low as $11.83 and last traded at $11.83. 3,983 shares traded hands during mid-day trading, an increase of 77% from the average session volume of 2,245 shares. The stock had previously closed at $12.00.

Southport Acquisition Price Performance

The stock's 50 day moving average is $11.86 and its 200-day moving average is $11.48.

Southport Acquisition Company Profile

(Get Free Report)

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.

Further Reading

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