Fintech Acquisition Corp. IV (OTCMKTS:FTIVU) Stock Price Down 0.4% – Here’s Why

Shares of Fintech Acquisition Corp. IV (OTCMKTS:FTIVU) traded down 0.4% during mid-day trading on Friday . The company traded as low as $13.81 and last traded at $14.14. 3,200 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 16,657 shares. The stock had previously closed at $14.20.

Fintech Acquisition Corp. IV Stock Performance

The stock has a 50-day moving average price of $14.14 and a 200 day moving average price of $14.14.

About Fintech Acquisition Corp. IV

Fintech Acquisition Corp. IV is a Delaware-incorporated special purpose acquisition company formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in the financial technology sector. As a blank check company, it raises capital through public offerings of units, each comprising shares of common stock and warrants, with the goal of identifying and completing a qualifying transaction.

The firm focuses on target businesses that leverage digital platforms for payments, lending, wealth and asset management, insurance technology or other fintech applications.