723,060 Shares in Pioneer Acquisition I Corp. $PACH Bought by Clear Street Group Inc.

Clear Street Group Inc. bought a new position in Pioneer Acquisition I Corp. (NASDAQ:PACH) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 723,060 shares of the company’s stock, valued at approximately $7,202,000.

A number of other hedge funds also recently added to or reduced their stakes in PACH. AQR Arbitrage LLC acquired a new position in shares of Pioneer Acquisition I during the third quarter valued at $9,787,000. Two Sigma Investments LP acquired a new stake in shares of Pioneer Acquisition I in the 3rd quarter worth about $7,927,000. Shaolin Capital Management LLC acquired a new stake in shares of Pioneer Acquisition I in the 3rd quarter worth about $6,972,000. Wolverine Asset Management LLC bought a new stake in Pioneer Acquisition I in the 3rd quarter valued at about $6,731,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in Pioneer Acquisition I during the 3rd quarter valued at about $5,976,000.

Analyst Upgrades and Downgrades

PACH has been the subject of several recent analyst reports. Wall Street Zen cut shares of Pioneer Acquisition I from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Pioneer Acquisition I in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Pioneer Acquisition I Price Performance

Shares of PACH opened at $10.18 on Friday. Pioneer Acquisition I Corp. has a one year low of $9.94 and a one year high of $10.19. The stock’s fifty day moving average is $10.11 and its 200-day moving average is $10.06.

Pioneer Acquisition I Company Profile

Pioneer Acquisition I (NASDAQ: PACH) is a publicly traded special purpose acquisition company (SPAC), commonly known as a blank-check company. Like other SPACs, its principal business purpose is to identify, negotiate and complete a business combination with one or more operating companies. Until a qualifying transaction is completed, the entity typically has no substantive operating business of its own and holds capital raised from public investors in trust.

As a SPAC, Pioneer Acquisition I’s activities generally include sourcing potential targets, conducting due diligence, negotiating transaction terms, and seeking shareholder approval for any proposed business combination.