Pensare Acquisition (NASDAQ:WRLS) Shares Cross Above 50 Day Moving Average of $10.41
Shares of Pensare Acquisition Corp (NASDAQ:WRLS) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $10.41 and traded as high as $10.41. Pensare Acquisition shares last traded at $10.38, with a volume of 1,571 shares changing hands.
The business’s fifty day moving average price is $10.41.
Hedge funds have recently bought and sold shares of the business. Havens Advisors LLC bought a new position in shares of Pensare Acquisition during the first quarter valued at $359,000. Millennium Management LLC lifted its holdings in shares of Pensare Acquisition by 45.2% during the fourth quarter. Millennium Management LLC now owns 35,924 shares of the technology company’s stock valued at $364,000 after purchasing an additional 11,191 shares in the last quarter. Mizuho Securities USA LLC lifted its holdings in shares of Pensare Acquisition by 46.6% during the first quarter. Mizuho Securities USA LLC now owns 1,760,000 shares of the technology company’s stock valued at $18,075,000 after purchasing an additional 559,500 shares in the last quarter. Finally, Weiss Asset Management LP lifted its holdings in shares of Pensare Acquisition by 78.9% during the first quarter. Weiss Asset Management LP now owns 3,285,546 shares of the technology company’s stock valued at $33,743,000 after purchasing an additional 1,448,655 shares in the last quarter. 73.81% of the stock is owned by institutional investors and hedge funds.
Pensare Acquisition Corp. does not have significant operations. It intends to enter into a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities in the United States. It plans to focus on businesses in the wireless telecommunications industry.
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