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Southport Acquisition (NYSE:PORT) Stock Price Down 6.6% - Here's Why

Southport Acquisition logo with Financial Services background

Key Points

  • Southport Acquisition Co. (NYSE:PORT) experienced a significant drop in stock price, falling 6.6% to $12.24 during Friday's trading session.
  • Trading volume was notably low, with only 331 shares exchanged, a decline of 82% from the average session volume.
  • The company focuses on mergers and acquisitions in the financial software sector, particularly in the mortgage and real estate markets in the U.S.
  • Looking to export and analyze Southport Acquisition data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Southport Acquisition Co. (NYSE:PORT - Get Free Report) fell 6.6% during trading on Friday . The company traded as low as $12.24 and last traded at $12.24. 331 shares were traded during mid-day trading, a decline of 82% from the average session volume of 1,859 shares. The stock had previously closed at $13.10.

Southport Acquisition Stock Down 1.8%

The business's fifty day moving average is $12.13 and its 200 day moving average is $11.70.

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.

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