PropTech Acquisition (OTCMKTS:PTACU) Stock Price Down 4.8%

PropTech Acquisition Corporation (OTCMKTS:PTACU) shares were down 4.8% during trading on Friday . The stock traded as low as $10.58 and last traded at $10.95, approximately 62,573 shares traded hands during mid-day trading. An increase of 338% from the average daily volume of 14,271 shares. The stock had previously closed at $11.50.

The stock has a 50-day moving average of $10.75 and a 200 day moving average of $10.35.

An institutional investor recently bought a new position in PropTech Acquisition stock. FNY Investment Advisers LLC acquired a new position in shares of PropTech Acquisition Corporation (OTCMKTS:PTACU) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 78,489 shares of the company’s stock, valued at approximately $831,000.

About PropTech Acquisition (OTCMKTS:PTACU)

PropTech Acquisition Corporation focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, and similar business combination with one or more businesses. The company was incorporated in 2019 and is based in Los Angeles, California.

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