Pioneer Acquisition I Corp (NASDAQ:PACHU – Get Free Report) rose 0.4% during mid-day trading on Monday. The stock traded as high as $10.3801 and last traded at $10.42. Approximately 2 shares were traded during mid-day trading, a decline of 100% from the average session volume of 854 shares. The stock had previously closed at $10.38.
Pioneer Acquisition I Price Performance
The company has a 50-day moving average of $10.41 and a 200-day moving average of $10.34.
Institutional Trading of Pioneer Acquisition I
A hedge fund recently bought a new stake in Pioneer Acquisition I stock. Lineage Point Capital LP bought a new stake in Pioneer Acquisition I Corp (NASDAQ:PACHU – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 50,867 shares of the company’s stock, valued at approximately $521,000.
About Pioneer Acquisition I
Pioneer Acquisition I is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. Rather than conducting conventional commercial operations, the company’s principal objective is to use the proceeds from its public offering and other financing activities to pursue a merger, acquisition, or similar transaction.
The company’s publicly traded units are listed on the Nasdaq Capital Market under the symbol PACHU.
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