Revolution Acceleration Acquisition (OTCMKTS:RAACU) Shares Up 5.5% – Still a Buy?

Revolution Acceleration Acquisition Corp (OTCMKTS:RAACU – Get Free Report)’s share price rose 5.5% during trading on Thursday . The company traded as high as $9.99 and last traded at $9.91. 1,300 shares were traded during trading, a decline of 99% from the average daily volume of 102,092 shares. The stock had previously closed at $9.39.

Revolution Acceleration Acquisition Stock Performance

The stock’s 50 day simple moving average is $9.91 and its 200-day simple moving average is $9.91.

About Revolution Acceleration Acquisition

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Revolution Acceleration Acquisition Corporation (OTCMKTS:RAACU) is a special purpose acquisition company (SPAC) incorporated in Delaware. The company was established to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with a focus on growth-oriented companies.

In October 2021, RAACU completed its initial public offering and deposited the net proceeds into a trust account pending the completion of a qualifying business combination.

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