NextGen Acquisition Corp. II (OTCMKTS:NGCAU – Get Free Report)’s share price traded down 5.4% during mid-day trading on Friday. The company traded as low as $9.46 and last traded at $9.46. Approximately 2,000 shares were traded during trading, a decline of 98% from the average daily volume of 99,471 shares. The stock had previously closed at $10.00.
NextGen Acquisition Corp. II Price Performance
The company’s 50 day simple moving average is $9.46 and its 200 day simple moving average is $9.46.
NextGen Acquisition Corp. II Company Profile
NextGen Acquisition Corp. II is a special purpose acquisition company (SPAC) that was formed to identify and combine with a business through a merger, share exchange, asset acquisition, reorganization, or similar transaction. Unlike an operating company, it was established without significant commercial activities, products, or services of its own.
The company’s strategy has been to seek a business combination with a target operating in an industry or geographic market selected by its management.
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