Seaport Global Acquisition (OTCMKTS:SGAMU) Stock Price Down 27.9% – Here’s What Happened

Seaport Global Acquisition Corp. (OTCMKTS:SGAMUGet Free Report) shares traded down 27.9% on Tuesday . The company traded as low as $10.45 and last traded at $10.45. Approximately 7,500 shares traded hands during trading, a decline of 28% from the average daily volume of 10,424 shares. The stock had previously closed at $14.50.

Seaport Global Acquisition Price Performance

The business’s fifty day simple moving average is $10.45 and its 200 day simple moving average is $10.45.

About Seaport Global Acquisition

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Seaport Global Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effect one or more business combinations through the acquisition of or merger with privately held operating companies. As a blank‐check issuer, the company does not conduct operations of its own and seeks to leverage public equity markets to raise capital for its acquisition strategy.

The company completed its initial public offering in mid-2021, offering units that trade under the ticker SGAMU on the OTC Markets.

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