Tiga Acquisition (NYSE:TINV) Trading 2.5% Higher – Should You Buy?

Tiga Acquisition Corp. (NYSE:TINV)’s share price shot up 2.5% on Thursday . The stock traded as high as $12.26 and last traded at $12.21. 2,220,699 shares changed hands during mid-day trading, an increase of 1,996% from the average session volume of 105,946 shares. The stock had previously closed at $11.91.

Tiga Acquisition Price Performance

The business has a 50-day moving average of $11.65 and a 200-day moving average of $13.31.

Tiga Acquisition Company Profile

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.