Flag Ship Acquisition Corp (NASDAQ:FSHPU – Get Free Report)’s stock price traded up 2.4% during trading on Thursday. The stock traded as high as $11.66 and last traded at $11.53. 406 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 1,227 shares. The stock had previously closed at $11.26.
Flag Ship Acquisition Price Performance
The business has a fifty day moving average of $11.28 and a 200 day moving average of $11.18.
About Flag Ship Acquisition
Flag Ship Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more companies. Its potential transaction could take the form of a merger, acquisition, stock purchase, reorganization or similar arrangement.
The company does not operate a conventional commercial business or offer products and services to customers. Instead, it was established to raise capital through a public offering and use those proceeds, together with other financing, to pursue a suitable acquisition target.
Flag Ship Acquisition Corp.’s publicly traded units are represented by the Nasdaq symbol FSHPU.
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