Big Cypress Acquisition (OTCMKTS:BCYP) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Big Cypress Acquisition Corp. (OTCMKTS:BCYP) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.44 and traded as low as $8.21. Big Cypress Acquisition shares last traded at $8.44, with a volume of 15,335,101 shares traded.

Big Cypress Acquisition Stock Down 19.2%

The company’s fifty day moving average price is $8.44 and its two-hundred day moving average price is $8.44.

About Big Cypress Acquisition

Big Cypress Acquisition Corp. is a special purpose acquisition company, or SPAC, incorporated in Delaware to pursue one or more business combination opportunities with private operating businesses. The firm does not currently conduct any commercial operations of its own.

The company trades on the OTC Markets under the symbol BCYP. Proceeds from its initial public offering are held in a trust account and are available for consummating a qualifying business combination or for return to shareholders should the SPAC not complete a transaction within the time frame set by its governing documents.

Big Cypress Acquisition’s business model leverages the SPAC structure to provide private companies with an alternative route to public markets.