Velocity Acquisition Corp. (OTCMKTS:VELOU – Get Free Report) fell 0.6% during mid-day trading on Wednesday . The stock traded as low as $9.99 and last traded at $9.99. 200 shares traded hands during trading, a decline of 94% from the average session volume of 3,102 shares. The stock had previously closed at $10.05.
Velocity Acquisition Trading Down 0.6 %
The company’s 50-day simple moving average is $9.99 and its 200-day simple moving average is $9.99.
Institutional Trading of Velocity Acquisition
An institutional investor recently bought a new position in Velocity Acquisition stock. Ancora Advisors LLC purchased a new position in shares of Velocity Acquisition Corp. (OTCMKTS:VELOU – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,093 shares of the company’s stock, valued at approximately $159,000.
Velocity Acquisition Company Profile
Velocity Acquisition Corp. does not have significant operations. It intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in digital transformation businesses. The company was incorporated in 2020 and is based in Ridgefield, Connecticut.
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