Altimeter Growth Corp. (OTCMKTS:AGCUU – Get Free Report) was down 12.5% during trading on Thursday. The company traded as low as $11.87 and last traded at $11.87. 150,700 shares traded hands during mid-day trading, an increase of 51% from the average daily volume of 99,899 shares. The stock had previously closed at $13.56.
Altimeter Growth Stock Down 12.5%
The business’s 50-day moving average is $11.87 and its two-hundred day moving average is $11.87.
Altimeter Growth Company Profile
Altimeter Growth Corp. was a special purpose acquisition company sponsored by Altimeter Capital Management. The company was formed to identify and complete a business combination with a technology-oriented business, with an emphasis on companies operating in the internet, software, financial technology, and related sectors.
In 2021, Altimeter Growth Corp. completed a business combination with Grab Holdings Inc, a Southeast Asian technology company offering ride-hailing, food delivery, digital payments, and other financial services.
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