Shares of Southport Acquisition Co. (NYSE:PORT – Get Free Report) were down 1.8% during mid-day trading on Wednesday . The company traded as low as $11.01 and last traded at $11.01. Approximately 146 shares traded hands during trading, an increase of 80% from the average daily volume of 81 shares. The stock had previously closed at $11.21.
Southport Acquisition Price Performance
The firm has a 50 day moving average price of $11.17 and a 200-day moving average price of $11.07.
About Southport Acquisition
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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