Powered Brands (NASDAQ:POW) Trading 0.1% Higher

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

Powered Brands Stock Down 0.1 %

The company has a 50-day simple moving average of $9.99 and a two-hundred day simple moving average of $9.91.

Institutional Trading of Powered Brands

Several hedge funds have recently bought and sold shares of the company. Marshall Wace LLP increased its position in Powered Brands by 23.3% in the 3rd quarter. Marshall Wace LLP now owns 792,504 shares of the company’s stock valued at $7,901,000 after acquiring an additional 150,000 shares during the period. Royal Bank of Canada increased its holdings in shares of Powered Brands by 395.4% during the third quarter. Royal Bank of Canada now owns 82,605 shares of the company’s stock valued at $824,000 after purchasing an additional 65,931 shares during the period. Glazer Capital LLC raised its stake in shares of Powered Brands by 91.8% during the third quarter. Glazer Capital LLC now owns 2,024,701 shares of the company’s stock valued at $20,207,000 after purchasing an additional 968,827 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Powered Brands by 18.3% during the third quarter. Hsbc Holdings PLC now owns 1,103,979 shares of the company’s stock valued at $10,996,000 after purchasing an additional 170,900 shares in the last quarter. Finally, Bank of Montreal Can grew its position in Powered Brands by 334.5% in the 3rd quarter. Bank of Montreal Can now owns 217,240 shares of the company’s stock valued at $2,168,000 after buying an additional 167,239 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors.

About Powered Brands

(Get Rating)

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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