Pontem (NYSE:PNTM) Hits New 12-Month High at $9.91

Pontem Co. (NYSE:PNTMGet Rating)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $9.91 and last traded at $9.91, with a volume of 2523 shares trading hands. The stock had previously closed at $9.90.

Pontem Stock Performance

The business’s 50-day simple moving average is $9.86 and its 200-day simple moving average is $9.82.

Institutional Trading of Pontem

Hedge funds have recently modified their holdings of the company. Penserra Capital Management LLC raised its position in shares of Pontem by 36.5% in the 1st quarter. Penserra Capital Management LLC now owns 8,734 shares of the company’s stock valued at $85,000 after acquiring an additional 2,337 shares during the period. OLD Mission Capital LLC acquired a new stake in shares of Pontem in the 2nd quarter valued at approximately $112,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Pontem in the 2nd quarter valued at approximately $246,000. Graham Capital Wealth Management LLC acquired a new stake in shares of Pontem in the 4th quarter valued at approximately $397,000. Finally, Cohanzick Management LLC raised its position in shares of Pontem by 129.3% in the 1st quarter. Cohanzick Management LLC now owns 40,539 shares of the company’s stock valued at $397,000 after acquiring an additional 22,862 shares during the period. 70.05% of the stock is currently owned by institutional investors and hedge funds.

About Pontem

(Get Rating)

Pontem 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. It intends to focus its search on global and regional consumer brands businesses.

Featured Stories

Receive News & Ratings for Pontem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pontem and related companies with MarketBeat.com's FREE daily email newsletter.