Pono Capital Two, Inc. (NASDAQ:PTWO – Get Free Report)’s share price traded up 1% on Thursday . The stock traded as high as $11.46 and last traded at $11.00. 12,700 shares traded hands during trading, a decline of 53% from the average session volume of 27,253 shares. The stock had previously closed at $10.89.
Pono Capital Two Stock Performance
The stock has a 50-day simple moving average of $11.63 and a 200-day simple moving average of $12.64.
Insider Buying and Selling
In related news, major shareholder Co. Ltd. Zuu acquired 15,509 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The stock was acquired at an average cost of $13.00 per share, for a total transaction of $201,617.00. Following the completion of the acquisition, the insider now directly owns 1,492,575 shares of the company’s stock, valued at approximately $19,403,475. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders purchased 33,668 shares of company stock valued at $416,764 over the last 90 days. 63.90% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Pono Capital Two Company Profile
Pono Capital Two, Inc does not have any significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Pono Capital Two, Inc was incorporated in 2022 and is based in Honolulu, Hawaii.
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