Southport Acquisition Co. (NYSE:PORT - Get Free Report) dropped 7.3% during trading on Wednesday . The stock traded as low as $12.00 and last traded at $12.05. Approximately 3,600 shares traded hands during mid-day trading, an increase of 572% from the average daily volume of 536 shares. The stock had previously closed at $13.00.
Southport Acquisition Stock Down 7.3%
The company has a 50 day moving average of $11.62 and a 200 day moving average of $11.34.
About Southport Acquisition
(
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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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