Tiga Acquisition (NYSE:TINV) Trading Down 1.2% – Should You Sell?
by Michael Walen · The Markets DailyTiga Acquisition Corp. (NYSE:TINV – Get Free Report) shares were down 1.2% on Thursday . The stock traded as low as $12.28 and last traded at $12.44. Approximately 1,473,158 shares were traded during mid-day trading, an increase of 1,290% from the average daily volume of 105,946 shares. The stock had previously closed at $12.59.
Tiga Acquisition Trading Down 1.2%
The company’s 50-day moving average is $11.52 and its 200-day moving average is $12.99.
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.