Plutonian Acquisition (NASDAQ:PLTN) Stock Price Down 58.1%

Shares of Plutonian Acquisition Corp. (NASDAQ:PLTN) fell 58.1% on Thursday . The company traded as low as $2.32 and last traded at $2.43. 961,300 shares were traded during mid-day trading, an increase of 1,089% from the average session volume of 80,840 shares. The stock had previously closed at $5.80.

Plutonian Acquisition Stock Down 58.1 %

The stock has a fifty day moving average price of $5.42 and a two-hundred day moving average price of $8.88.

Institutional Trading of Plutonian Acquisition

Institutional investors and hedge funds have recently modified their holdings of the business. Spartan Fund Management Inc. increased its position in shares of Plutonian Acquisition by 17,440.0% during the fourth quarter. Spartan Fund Management Inc. now owns 3,508 shares of the company’s stock valued at $37,000 after acquiring an additional 3,488 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Plutonian Acquisition during the first quarter valued at approximately $250,000. Warberg Asset Management LLC purchased a new stake in shares of Plutonian Acquisition during the fourth quarter valued at approximately $356,000. K2 Principal Fund L.P. purchased a new stake in shares of Plutonian Acquisition during the fourth quarter valued at approximately $932,000. Finally, Mizuho Securities USA LLC increased its position in shares of Plutonian Acquisition by 8.6% during the fourth quarter. Mizuho Securities USA LLC now owns 146,152 shares of the company’s stock valued at $1,535,000 after acquiring an additional 11,620 shares during the last quarter. 60.21% of the stock is owned by hedge funds and other institutional investors.

About Plutonian Acquisition

Plutonian Acquisition Corp. does not have significant operations. The company focuses on entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to acquire businesses on companies engaged in metaverse technologies, tourism, and e-commerce related industries in the Asia-Pacific region.