Perception Capital Corp. III (NASDAQ:PFTAU) Trading 1.7% Higher – Here’s Why

Shares of Perception Capital Corp. III (NASDAQ:PFTAU) rose 1.7% during mid-day trading on Monday . The stock traded as high as $11.06 and last traded at $11.06. Approximately 903 shares were traded during trading, a decline of 54% from the average daily volume of 1,969 shares. The stock had previously closed at $10.87.

Perception Capital Corp. III Price Performance

The business has a 50-day simple moving average of $11.05 and a 200 day simple moving average of $10.93.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Perception Capital Corp. III stock. Clear Street LLC increased its stake in shares of Perception Capital Corp. III (NASDAQ:PFTAU) by 1,622.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,942 shares of the company’s stock after acquiring an additional 17,842 shares during the quarter. Clear Street LLC’s holdings in Perception Capital Corp. III were worth $210,000 at the end of the most recent quarter.

Perception Capital Corp. III Company Profile

Perception Capital Corp. III does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in the financial technology or financial services ecosystem. The company was formerly known as Portage Fintech Acquisition Corporation and changed its name to Perception Capital Corp.