Pioneer Acquisition I Corp. $PACH Stock Holdings Lessened by Clear Street Group Inc.

Clear Street Group Inc. reduced its holdings in Pioneer Acquisition I Corp. (NASDAQ:PACH) by 56.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 318,445 shares of the company’s stock after selling 404,615 shares during the quarter. Clear Street Group Inc. owned approximately 1.01% of Pioneer Acquisition I worth $3,200,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of PACH. Dakota Wealth Management bought a new position in shares of Pioneer Acquisition I in the 3rd quarter worth about $1,083,000. Picton Mahoney Asset Management bought a new position in shares of Pioneer Acquisition I in the 3rd quarter worth about $4,975,000. Context Capital Management LLC bought a new position in shares of Pioneer Acquisition I in the 3rd quarter worth about $1,492,000. ATW Spac Management LLC bought a new position in shares of Pioneer Acquisition I in the 3rd quarter worth about $831,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Pioneer Acquisition I in the 3rd quarter worth about $3,066,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Pioneer Acquisition I from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Pioneer Acquisition I currently has a consensus rating of “Sell”.

Pioneer Acquisition I Trading Down 0.0%

Shares of NASDAQ:PACH opened at $10.24 on Friday. The company’s 50-day moving average price is $10.19 and its 200 day moving average price is $10.14. Pioneer Acquisition I Corp. has a fifty-two week low of $9.94 and a fifty-two week high of $10.25.

Pioneer Acquisition I Company Profile

Pioneer Acquisition I (NASDAQ: PACH) is a publicly traded special purpose acquisition company (SPAC), commonly known as a blank-check company. Like other SPACs, its principal business purpose is to identify, negotiate and complete a business combination with one or more operating companies. Until a qualifying transaction is completed, the entity typically has no substantive operating business of its own and holds capital raised from public investors in trust.

As a SPAC, Pioneer Acquisition I’s activities generally include sourcing potential targets, conducting due diligence, negotiating transaction terms, and seeking shareholder approval for any proposed business combination.