PowerUp Acquisition (NASDAQ:PWUP) Trading Down 18.9% – Here’s What Happened

PowerUp Acquisition Corp. (NASDAQ:PWUPGet Free Report) shares dropped 18.9% during mid-day trading on Monday . The stock traded as low as $10.43 and last traded at $10.50. Approximately 7,344 shares traded hands during trading, an increase of 45% from the average daily volume of 5,063 shares. The stock had previously closed at $12.94.

PowerUp Acquisition Stock Performance

The firm’s 50-day simple moving average is $11.53 and its two-hundred day simple moving average is $11.53.

About PowerUp Acquisition

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PowerUp Acquisition Corp. 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 on video gaming, gaming adjacent, and metaverse businesses.

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