Tiga Acquisition Corp. (NYSE:TINV – Get Free Report)’s share price shot up 0.2% during mid-day trading on Wednesday . The stock traded as high as $18.2710 and last traded at $17.94. Approximately 1,850,846 shares were traded during trading, an increase of 1,647% from the average session volume of 105,946 shares. The stock had previously closed at $17.90.
Tiga Acquisition Price Performance
The business has a 50-day moving average of $14.28 and a 200 day moving average of $12.96.
About Tiga Acquisition
Tiga Acquisition Corporation (NYSE: TINV) is a Delaware‐incorporated special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a blank‐check vehicle, Tiga Acquisition does not engage in traditional operating activities and maintains its cash in an interest‐bearing trust account until it identifies a suitable target.
The company’s management team brings together professionals with backgrounds in investment banking, private equity and corporate strategy to source and evaluate prospective merger candidates.
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