Southport Acquisition Co. (NYSE:PORT – Get Free Report) was up 0.9% on Tuesday . The stock traded as high as $11.47 and last traded at $11.46. Approximately 1,280 shares changed hands during trading, an increase of 306% from the average daily volume of 315 shares. The stock had previously closed at $11.36.
Southport Acquisition Price Performance
The firm has a 50-day simple moving average of $11.28 and a two-hundred day simple moving average of $11.17.
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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