CIIG Merger (OTCMKTS:CIICU) Shares Down 5.1% – Here’s Why

CIIG Merger Corp. (OTCMKTS:CIICUGet Free Report)’s share price fell 5.1% during trading on Thursday . The stock traded as low as $26.00 and last traded at $27.99. 5,100 shares changed hands during trading, a decline of 40% from the average session volume of 8,511 shares. The stock had previously closed at $29.49.

CIIG Merger Price Performance

The stock has a fifty day simple moving average of $27.99 and a 200-day simple moving average of $27.99.

CIIG Merger Company Profile

(Get Free Report)

CIIG Merger Corp is a Delaware‐incorporated special purpose acquisition company (SPAC) that trades on the OTC Markets under the symbol CIICU. Founded with the principal objective of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with businesses in the Asia‐Pacific region, the company seeks to leverage its blank‐check structure to identify high‐growth opportunities in technology-enabled industries.

The company’s investment focus centers on sectors such as digital infrastructure, the broader digital economy, advanced manufacturing, healthcare innovation and consumer technology.

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