PropTech Investment Co. II (OTCMKTS:PTICU) Stock Price Up 13.6% – Should You Buy?

PropTech Investment Co. II (OTCMKTS:PTICUGet Free Report)’s stock price rose 13.6% during mid-day trading on Wednesday . The stock traded as high as $10.85 and last traded at $10.54. Approximately 2,100 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 9,001 shares. The stock had previously closed at $9.28.

PropTech Investment Co. II Stock Performance

The business’s 50-day moving average price is $10.54 and its 200-day moving average price is $10.54.

About PropTech Investment Co. II

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PropTech Investment Co II is a publicly traded special purpose acquisition company (SPAC) formed in 2021 with the objective of identifying and completing business combinations in the property technology (PropTech) sector. The company raised capital through an initial public offering, with its units trading under the ticker symbol PTICU on the OTC Markets.

As a blank-check vehicle, PropTech Investment Co II holds its proceeds in a trust account pending a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses operating in the PropTech space.

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