Southport Acquisition (NYSE:ANGX) Shares Gap Up – Still a Buy?

Southport Acquisition Corp (NYSE:ANGXGet Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $4.48, but opened at $4.74. Southport Acquisition shares last traded at $5.06, with a volume of 432,482 shares traded.

Analysts Set New Price Targets

Several research firms have commented on ANGX. Wall Street Zen downgraded Southport Acquisition to a “strong sell” rating in a research report on Thursday, November 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Southport Acquisition in a report on Monday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Southport Acquisition presently has a consensus rating of “Sell”.

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Southport Acquisition Trading Down 2.5%

Southport Acquisition Company Profile

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Southport Acquisition 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 or assets. It intends to identify business opportunities in the field of financial software space with a focus on mortgage and real estate verticals.

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