Shares of Southport Acquisition Co. (NYSE:PORT – Get Free Report) dropped 0.3% during trading on Friday . The company traded as low as $11.36 and last traded at $11.36. Approximately 100 shares traded hands during trading, a decline of 56% from the average daily volume of 227 shares. The stock had previously closed at $11.39.
Southport Acquisition Stock Performance
The stock’s 50-day simple moving average is $11.21 and its 200 day simple moving average is $11.12.
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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