PLTN Stock Summary and Trading Ideas (Plutonian Acquisition Corp. | NASDAQ:PLTN)

Plutonian Acquisition Corp is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities.

Plutonian Acquisition Corp. trades on the NASDAQ stock market under the symbol PLTN.

As of April 16, 2024, PLTN stock price climbed to $10.85 with 2,158 million shares trading.

PLTN has a market cap of $54.26 million. This is considered a Micro Cap stock.

The top ETF exchange traded funds that PLTN belongs to (by Net Assets): SPAX.

PLTN has underperformed the market in the last year with a return of +5.8%, while the SPY ETF gained +23.7%. In the last 3 month period, PLTN fell short of the market, returning +2.0%, while SPY returned +5.9%. However, in the most recent 2 weeks PLTN has outperformed the stock market by returning +0.8%, while SPY returned -3.6%.

PLTN support price is $10.77 and resistance is $10.85 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PLTN stock will trade within this expected range on the day.