Shares of Southport Acquisition Corp (NYSE:ANGX – Get Free Report) traded down 4.2% during trading on Monday . The company traded as low as $4.79 and last traded at $4.83. 447,836 shares were traded during trading, a decline of 58% from the average session volume of 1,063,281 shares. The stock had previously closed at $5.04.
Analysts Set New Price Targets
Several brokerages have recently weighed in on ANGX. Wall Street Zen lowered shares of Southport Acquisition to a “strong sell” rating in a research report on Thursday, November 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Southport Acquisition in a research note on Tuesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.
View Our Latest Stock Report on ANGX
Southport Acquisition Trading Up 1.9%
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 identify business opportunities in the field of financial software space with a focus on mortgage and real estate verticals.
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