Tiga Acquisition Corp. (NYSE:TINV – Get Free Report) dropped 1.7% during mid-day trading on Monday . The stock traded as low as $13.27 and last traded at $13.31. Approximately 1,311,138 shares were traded during mid-day trading, an increase of 1,138% from the average daily volume of 105,946 shares. The stock had previously closed at $13.54.
Tiga Acquisition Stock Performance
The stock has a 50-day simple moving average of $13.66 and a 200 day simple moving average of $15.93.
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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