Shares of Southport Acquisition Co. (NYSE:PORT - Get Free Report) were down 6.6% on Friday . The company traded as low as $12.24 and last traded at $12.24. Approximately 331 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 1,859 shares. The stock had previously closed at $13.10.
Southport Acquisition Price Performance
The business has a 50 day simple moving average of $12.16 and a two-hundred day simple moving average of $11.72.
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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