Pioneer Acquisition I Corp. (NASDAQ:PACH – Get Free Report) was up 0.1% during trading on Thursday. The stock traded as high as $10.41 and last traded at $10.4050. Approximately 232,755 shares traded hands during trading, an increase of 8% from the average session volume of 215,234 shares. The stock had previously closed at $10.39.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised Pioneer Acquisition I from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Pioneer Acquisition I has an average rating of “Sell”.
Read Our Latest Stock Report on Pioneer Acquisition I
Pioneer Acquisition I Stock Up 0.1%
The stock’s fifty day simple moving average is $10.35 and its 200-day simple moving average is $10.24.
Pioneer Acquisition I (NASDAQ:PACH – Get Free Report) last issued its earnings results on Friday, August 14th. The company reported $0.07 EPS for the quarter.
Institutional Investors Weigh In On Pioneer Acquisition I
A number of hedge funds have recently made changes to their positions in the stock. Sona Asset Management US LLC bought a new stake in shares of Pioneer Acquisition I during the 1st quarter valued at approximately $1,125,000. Context Capital Management LLC acquired a new position in Pioneer Acquisition I during the 3rd quarter worth approximately $1,556,000. Finally, Deltec Asset Management LLC acquired a new position in Pioneer Acquisition I during the 3rd quarter worth approximately $104,000.
Pioneer Acquisition I Company Profile
Pioneer Acquisition I Corp. is a special purpose acquisition company (SPAC) that was formed to identify and complete a business combination with one or more operating companies. Rather than conducting ongoing commercial operations, the company’s principal activity is evaluating potential merger, acquisition, or similar transactions.
As a blank-check company, Pioneer Acquisition I does not have a portfolio of proprietary products or services, and its business depends on locating a suitable target and obtaining the required approval from shareholders and other stakeholders.
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