Resolute Advisors LLC Makes New Investment in Powerlaw Corp $PWRL

Resolute Advisors LLC purchased a new stake in Powerlaw Corp (NASDAQ:PWRL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 59,200 shares of the company’s stock, valued at approximately $869,000. Resolute Advisors LLC owned 0.14% of Powerlaw at the end of the most recent quarter.

Separately, Ieq Capital LLC acquired a new position in shares of Powerlaw during the second quarter worth approximately $232,000.

Powerlaw Price Performance

Shares of PWRL stock opened at $9.91 on Wednesday. Powerlaw Corp has a 12-month low of $9.91 and a 12-month high of $40.00. The business has a 50 day simple moving average of $12.49.

Insider Buying and Selling at Powerlaw

In other Powerlaw news, CIO Benjamin David Black purchased 6,500 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was bought at an average price of $15.47 per share, with a total value of $100,555.00. Following the completion of the purchase, the executive owned 445,978 shares in the company, valued at $6,899,279.66. This trade represents a 1.48% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mike John Dinsdale purchased 12,727 shares of the stock in a transaction dated Monday, June 22nd. The shares were acquired at an average cost of $15.47 per share, for a total transaction of $196,886.69. Following the completion of the acquisition, the chief executive officer directly owned 686,504 shares of the company’s stock, valued at approximately $10,620,216.88. This trade represents a 1.89% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 22,168 shares of company stock worth $347,027 in the last ninety days. 8.50% of the stock is owned by company insiders.