Shares of Tiga Acquisition Corp. (NYSE:TINV – Get Free Report) shot up 1% on Tuesday . The company traded as high as $12.78 and last traded at $12.62. 1,253,694 shares traded hands during trading, an increase of 1,083% from the average session volume of 105,946 shares. The stock had previously closed at $12.50.
Tiga Acquisition Stock Performance
The stock’s 50 day moving average is $13.06 and its two-hundred day moving average is $12.66.
About Tiga Acquisition
Tiga Acquisition Corporation (NYSE: TINV) is a Delaware‐incorporated special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a blank‐check vehicle, Tiga Acquisition does not engage in traditional operating activities and maintains its cash in an interest‐bearing trust account until it identifies a suitable target.
The company’s management team brings together professionals with backgrounds in investment banking, private equity and corporate strategy to source and evaluate prospective merger candidates.
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