PowerUp Acquisition (NASDAQ:PWUP) Trading Down 4.4% – Time to Sell?

PowerUp Acquisition Corp. (NASDAQ:PWUP)’s share price fell 4.4% during trading on Wednesday . The company traded as low as $0.56 and last traded at $0.61. 193,257 shares traded hands during mid-day trading, an increase of 1,700% from the average session volume of 10,736 shares. The stock had previously closed at $0.64.

PowerUp Acquisition Trading Up 8.4 %

The company has a fifty day moving average price of $7.33 and a 200 day moving average price of $10.11.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in PowerUp Acquisition stock. Harraden Circle Investments LLC purchased a new stake in PowerUp Acquisition Corp. (NASDAQ:PWUP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 449,783 shares of the company’s stock, valued at approximately $5,173,000. PowerUp Acquisition makes up about 4.7% of Harraden Circle Investments LLC’s portfolio, making the stock its 8th biggest holding. Harraden Circle Investments LLC owned 5.79% of PowerUp Acquisition at the end of the most recent quarter. Institutional investors and hedge funds own 19.17% of the company’s stock.

About PowerUp Acquisition

PowerUp Acquisition Corp. 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. It intends to focus on video gaming, gaming adjacent, and metaverse businesses.