Marquee Raine Acquisition (OTCMKTS:MRACU) Shares Up 3% – Here’s Why

Marquee Raine Acquisition Corp. (OTCMKTS:MRACUGet Free Report) traded up 3% during trading on Wednesday . The stock traded as high as $11.14 and last traded at $11.14. 800 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 48,791 shares. The stock had previously closed at $10.82.

Marquee Raine Acquisition Stock Performance

The firm’s 50 day moving average price is $11.14 and its two-hundred day moving average price is $11.14.

About Marquee Raine Acquisition

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Marquee Raine Acquisition Corp is a Delaware‐incorporated special purpose acquisition company (SPAC) formed to raise capital through an initial public offering and to acquire or merge with an existing business. The company’s primary objective is to identify and complete a business combination in sectors where it sees strong growth potential, with an emphasis on media, entertainment, sports and digital commerce.

As a blank‐check vehicle, Marquee Raine Acquisition does not conduct operating activities of its own.

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