Perception Capital Corp. III (NASDAQ:PFTAU) Shares Up 1.7% – Time to Buy?

Perception Capital Corp. III (NASDAQ:PFTAU) shares shot up 1.7% during trading on Monday . The company traded as high as $11.06 and last traded at $11.06. 903 shares traded hands during trading, a decline of 54% from the average session volume of 1,969 shares. The stock had previously closed at $10.87.

Perception Capital Corp. III Price Performance

The firm has a 50 day moving average price of $11.05 and a 200 day moving average price of $10.93.

Institutional Trading of Perception Capital Corp. III

A hedge fund recently raised its stake in Perception Capital Corp. III stock. Clear Street LLC lifted its position in shares of Perception Capital Corp. III (NASDAQ:PFTAU) by 1,622.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm 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.