Shares of Platinum Eagle Acquisition Corp. (OTCMKTS:EAGLU – Get Free Report) shot up 1% during trading on Wednesday. The company traded as high as $10.30 and last traded at $10.30. Approximately 500 shares changed hands during trading, a decline of 95% from the average session volume of 9,813 shares. The stock had previously closed at $10.20.
Platinum Eagle Acquisition Price Performance
The company’s 50-day moving average price is $10.30 and its two-hundred day moving average price is $10.30.
About Platinum Eagle Acquisition
Platinum Eagle Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Before completing such a transaction, it did not conduct commercial operations, manufacture products, or provide services of its own.
The company completed a business combination in 2019 involving Target Logistics and related businesses, creating Target Hospitality Corp. The resulting company provides workforce accommodations, catering, transportation, and related hospitality services, primarily for customers in industries such as energy, natural resources, and government services.
Platinum Eagle Acquisition Corp.
Further Reading
- Five stocks we like better than Platinum Eagle Acquisition
- Skydance Just Became a Media Giant—With an $80 Billion Debt Load
- Could Velo3D Be the Next Defense Buyout Target?
- Penguin Solutions Is Soaring as AI Memory Demand Explodes
- Alphabet’s Chart Is Coiling—and the Fundamentals May Be Ready to Back It Up
Receive News & Ratings for Platinum Eagle Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Platinum Eagle Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.
