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Weiss Ratings Reaffirms Sell (D-) Rating for Plum Acquisition Corp. IV (NASDAQ:PLMK)

Plum Acquisition Corp. IV logo with Financial Services background

Key Points

  • Weiss Ratings has reaffirmed a sell (D-) rating for Plum Acquisition Corp. IV (NASDAQ:PLMK) in a research note published on Tuesday.
  • The stock price of Plum Acquisition Corp. IV remained stable at $10.32 during mid-day trading, showing little change from its average volume of 4,539 shares.
  • Recent institutional trading activity includes significant new stakes acquired by various firms, with Aristeia Capital L.L.C. and BCK Capital Management LP investing over $1 million each.
  • Interested in Plum Acquisition Corp. IV? Here are five stocks we like better.

Plum Acquisition Corp. IV (NASDAQ:PLMK - Get Free Report)'s stock had its "sell (d-)" rating reiterated by Weiss Ratings in a research note issued on Tuesday,Weiss Ratings reports.

Plum Acquisition Corp. IV Stock Performance

Shares of NASDAQ PLMK remained flat at $10.32 during mid-day trading on Tuesday. The company had a trading volume of 122 shares, compared to its average volume of 4,539. Plum Acquisition Corp. IV has a 1-year low of $9.94 and a 1-year high of $10.34. The firm's 50 day simple moving average is $10.30 and its 200 day simple moving average is $10.23.

Institutional Trading of Plum Acquisition Corp. IV

Large investors have recently added to or reduced their stakes in the business. Kepos Capital LP acquired a new stake in Plum Acquisition Corp. IV in the 1st quarter valued at approximately $502,000. Virtu Financial LLC acquired a new stake in Plum Acquisition Corp. IV in the 1st quarter valued at approximately $694,000. Moore Capital Management LP acquired a new stake in Plum Acquisition Corp. IV in the 2nd quarter valued at approximately $772,000. Aristeia Capital L.L.C. acquired a new position in shares of Plum Acquisition Corp. IV during the 1st quarter valued at $1,004,000. Finally, BCK Capital Management LP acquired a new position in shares of Plum Acquisition Corp. IV during the 2nd quarter valued at $1,028,000.

Plum Acquisition Corp. IV Company Profile

(Get Free Report)

Plum Acquisition Corp. IV is a blank check company, which was established for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded on June 10, 2024 and is headquartered in San Francisco, CA.

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