Shares of Southport Acquisition Co. (NYSE:PORT - Get Free Report) rose 3.4% during trading on Thursday . The company traded as high as $13.00 and last traded at $12.00. Approximately 979 shares traded hands during trading, a decline of 55% from the average daily volume of 2,175 shares. The stock had previously closed at $11.60.
Southport Acquisition Stock Performance
The business's 50 day moving average is $11.86 and its 200 day moving average is $11.52.
Southport Acquisition Company Profile
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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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