Pioneer Acquisition I (NASDAQ:PACH) Rating Lowered to Sell at Wall Street Zen

Pioneer Acquisition I (NASDAQ:PACH) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Sunday.

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Pioneer Acquisition I in a research report on Thursday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Pioneer Acquisition I Stock Down 0.1%

Shares of NASDAQ:PACH opened at $10.14 on Friday. The firm has a 50 day moving average price of $10.01. Pioneer Acquisition I has a 12 month low of $9.94 and a 12 month high of $10.16.

Hedge Funds Weigh In On Pioneer Acquisition I

A number of institutional investors have recently added to or reduced their stakes in PACH. Linden Advisors LP bought a new stake in shares of Pioneer Acquisition I during the third quarter worth $9,940,000. AQR Arbitrage LLC acquired a new stake in shares of Pioneer Acquisition I during the 3rd quarter valued at $9,787,000. Two Sigma Investments LP acquired a new stake in shares of Pioneer Acquisition I during the 3rd quarter valued at $7,927,000. Clear Street Group Inc. bought a new stake in Pioneer Acquisition I during the 3rd quarter worth $7,202,000. Finally, Shaolin Capital Management LLC acquired a new position in Pioneer Acquisition I in the 3rd quarter worth about $6,972,000.

About Pioneer Acquisition I

Pioneer Acquisition I Corp is a blank check company. It formed for the purpose of merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Pioneer Acquisition I Corp is based in BROOKLYN, N.Y.