Pono Capital Two (NASDAQ:PTWO) Trading 1% Higher – Time to Buy?

Pono Capital Two, Inc. (NASDAQ:PTWOGet Free Report)’s stock price shot up 1% during mid-day trading on Thursday . The company traded as high as $11.46 and last traded at $11.00. 12,700 shares were traded 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 Trading Up 1.0 %

The business has a 50-day moving average of $11.60 and a 200-day moving average of $12.63.

Insider Buying and Selling

In other news, major shareholder Co. Ltd. Zuu acquired 8,399 shares of Pono Capital Two stock in a transaction on Thursday, August 22nd. The stock was bought at an average price of $10.51 per share, for a total transaction of $88,273.49. Following the completion of the purchase, the insider now owns 1,423,718 shares in the company, valued at $14,963,276.18. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders acquired a total of 33,668 shares of company stock worth $416,764 over the last 90 days. 63.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Pono Capital Two stock. Clear Street LLC bought a new stake in Pono Capital Two, Inc. (NASDAQ:PTWOFree Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,413 shares of the company’s stock, valued at approximately $123,000. Clear Street LLC owned about 0.18% of Pono Capital Two as of its most recent filing with the Securities & Exchange Commission. 60.82% of the stock is currently owned by institutional investors and hedge funds.

Pono Capital Two Company Profile

(Get Free Report)

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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