Pearl Holdings Acquisition (NASDAQ:PRLH) Shares Down 0.3%

Pearl Holdings Acquisition Corp (NASDAQ:PRLH)’s share price traded down 0.3% on Friday . The company traded as low as $10.78 and last traded at $10.98. 14,511 shares traded hands during mid-day trading, an increase of 68% from the average session volume of 8,659 shares. The stock had previously closed at $11.01.

Pearl Holdings Acquisition Price Performance

The business’s 50-day simple moving average is $10.89 and its two-hundred day simple moving average is $10.79.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. K2 Principal Fund L.P. acquired a new position in shares of Pearl Holdings Acquisition during the 4th quarter worth about $1,071,000. Wolverine Asset Management LLC raised its position in shares of Pearl Holdings Acquisition by 595.5% during the 3rd quarter. Wolverine Asset Management LLC now owns 329,029 shares of the company’s stock worth $3,527,000 after purchasing an additional 281,724 shares during the last quarter. Cowen AND Company LLC raised its position in shares of Pearl Holdings Acquisition by 5.4% during the 3rd quarter. Cowen AND Company LLC now owns 1,113,091 shares of the company’s stock worth $11,932,000 after purchasing an additional 56,918 shares during the last quarter. Westchester Capital Management LLC raised its position in shares of Pearl Holdings Acquisition by 9.5% during the 3rd quarter. Westchester Capital Management LLC now owns 1,428,729 shares of the company’s stock worth $15,316,000 after purchasing an additional 123,418 shares during the last quarter. Finally, BCK Capital Management LP acquired a new position in shares of Pearl Holdings Acquisition during the 3rd quarter worth about $796,000. Institutional investors and hedge funds own 8.31% of the company’s stock.

About Pearl Holdings Acquisition

Pearl Holdings Acquisition Corp does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search for a target business operating in the lifestyle, health and wellness, and technology sectors.