Wall Street Zen upgraded shares of Pine Tree Acquisition (NASDAQ:PAXGU – Free Report) to a sell rating in a report released on Saturday morning,Wall Street Zen reports.
Pine Tree Acquisition Stock Up 0.1%
PAXGU opened at $9.99 on Friday. Pine Tree Acquisition has a 12-month low of $9.99 and a 12-month high of $10.01.
About Pine Tree Acquisition
Pine Tree Acquisition is a blank-check company, also known as a special purpose acquisition company (SPAC), listed on the Nasdaq under the symbol PAXGU. The company was formed to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses.
Unlike an operating company, Pine Tree Acquisition does not appear to have established products, services or ongoing commercial operations of its own.
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