CF Finance Acquisition Corp. III (OTCMKTS:CFACU) Trading Down 10.4% – Should You Sell?

Shares of CF Finance Acquisition Corp. III (OTCMKTS:CFACU) traded down 10.4% during mid-day trading on Wednesday . The stock traded as low as $8.88 and last traded at $8.89. 1,300 shares changed hands during trading, a decline of 98% from the average session volume of 56,806 shares. The stock had previously closed at $9.92.

CF Finance Acquisition Corp. III Stock Down 10.4%

The business has a 50 day simple moving average of $8.89 and a 200-day simple moving average of $8.89.

CF Finance Acquisition Corp. III Company Profile

CF Finance Acquisition Corp. III is a special purpose acquisition company (SPAC) formed to effect a business combination with one or more operating businesses. As a blank-check vehicle, the company has no operations of its own and was established to identify and merge with a target that can benefit from its capital pool and public listing.

The SPAC is sponsored by affiliates of Cantor Fitzgerald and leverages their experience in investment banking, capital markets and advisory services.