Big Cypress Acquisition (OTCMKTS:BCYP) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

by · The Markets Daily

Big Cypress Acquisition Corp. (OTCMKTS:BCYP – Get Free Report)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $8.44 and traded as high as $12.90. Big Cypress Acquisition shares last traded at $8.44, with a volume of 15,335,101 shares.

Big Cypress Acquisition Price Performance

The stock has a fifty day moving average price of $8.44 and a 200-day moving average price of $8.44.

Big Cypress Acquisition Company Profile

(Get Free Report)

Big Cypress Acquisition Corp. is a special purpose acquisition company, or SPAC, incorporated in Delaware to pursue one or more business combination opportunities with private operating businesses. The firm does not currently conduct any commercial operations of its own.

The company trades on the OTC Markets under the symbol BCYP. Proceeds from its initial public offering are held in a trust account and are available for consummating a qualifying business combination or for return to shareholders should the SPAC not complete a transaction within the time frame set by its governing documents.

Big Cypress Acquisition’s business model leverages the SPAC structure to provide private companies with an alternative route to public markets.

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