Powered Brands (NASDAQ:POW) Stock Price Up 0.1%

Powered Brands (NASDAQ:POWGet Rating) shares traded up 0.1% on Tuesday . The company traded as high as $10.05 and last traded at $10.05. 209,304 shares changed hands during trading, an increase of 155% from the average session volume of 82,159 shares. The stock had previously closed at $10.04.

Powered Brands Trading Down 0.1 %

The company has a 50-day moving average price of $9.99 and a 200-day moving average price of $9.91.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of POW. Verition Fund Management LLC grew its position in Powered Brands by 1.0% in the 1st quarter. Verition Fund Management LLC now owns 191,759 shares of the company’s stock valued at $1,885,000 after buying an additional 1,929 shares in the last quarter. UBS Group AG bought a new position in shares of Powered Brands in the second quarter valued at approximately $44,000. Nomura Holdings Inc. boosted its holdings in shares of Powered Brands by 1.4% in the second quarter. Nomura Holdings Inc. now owns 779,030 shares of the company’s stock valued at $7,678,000 after acquiring an additional 11,085 shares in the last quarter. Private Capital Management LLC bought a new stake in Powered Brands during the first quarter worth approximately $197,000. Finally, Hsbc Holdings PLC boosted its stake in Powered Brands by 2.4% during the 1st quarter. Hsbc Holdings PLC now owns 933,079 shares of the company’s stock valued at $9,154,000 after purchasing an additional 21,549 shares in the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

About Powered Brands

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Powered Brands 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. Powered Brands was incorporated in 2020 and is based in New York, New York.

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