Shares of Tiga Acquisition Corp. (NYSE:TINV – Get Free Report) rose 1.2% on Thursday . The stock traded as high as $15.84 and last traded at $15.53. 1,818,665 shares changed hands during mid-day trading, an increase of 1,617% from the average session volume of 105,946 shares. The stock had previously closed at $15.35.
Tiga Acquisition Price Performance
The stock’s 50-day moving average is $15.85 and its 200-day moving average is $13.97.
Tiga Acquisition Company Profile
Tiga Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a merger, share exchange, asset acquisition, or similar business combination with one or more operating companies. Its securities traded on the New York Stock Exchange under the symbol TINV.
As a SPAC, Tiga Acquisition did not operate a conventional business and did not offer products or services to customers. Instead, its principal activity was raising capital through a public offering and seeking a suitable target company for a potential transaction.
The company’s publicly available business descriptions provide limited detail about its target industries, geographic markets, and leadership beyond its role as an acquisition vehicle.
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