CIIG Merger (OTCMKTS:CIICU) Trading Down 5.1% – Should You Sell?

CIIG Merger Corp. (OTCMKTS:CIICUGet Free Report) dropped 5.1% on Wednesday . The company traded as low as $26.00 and last traded at $27.99. Approximately 5,100 shares were traded during trading, a decline of 40% from the average daily volume of 8,511 shares. The stock had previously closed at $29.49.

CIIG Merger Stock Down 5.1%

The firm has a 50 day simple moving average of $27.99 and a 200-day simple moving average of $27.99.

CIIG Merger Company Profile

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CIIG Merger Corp is a Delaware‐incorporated special purpose acquisition company (SPAC) that trades on the OTC Markets under the symbol CIICU. Founded with the principal objective of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with businesses in the Asia‐Pacific region, the company seeks to leverage its blank‐check structure to identify high‐growth opportunities in technology-enabled industries.

The company’s investment focus centers on sectors such as digital infrastructure, the broader digital economy, advanced manufacturing, healthcare innovation and consumer technology.

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