Big Cypress Acquisition (OTCMKTS:BCYP) Stock Passes Below 200-Day Moving Average – What’s Next?

Big Cypress Acquisition Corp. (OTCMKTS:BCYP)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.44 and traded as low as $8.21. Big Cypress Acquisition shares last traded at $8.44, with a volume of 15,335,101 shares traded.

Big Cypress Acquisition Stock Down 19.2%

The business’s 50 day simple moving average is $8.44 and its 200-day simple moving average is $8.44.

About Big Cypress Acquisition

Big Cypress Acquisition Corp. is a special purpose acquisition company, or SPAC, incorporated in Delaware to pursue one or more business combination opportunities with private operating businesses. The firm does not currently conduct any commercial operations of its own.

The company trades on the OTC Markets under the symbol BCYP. Proceeds from its initial public offering are held in a trust account and are available for consummating a qualifying business combination or for return to shareholders should the SPAC not complete a transaction within the time frame set by its governing documents.

Big Cypress Acquisition’s business model leverages the SPAC structure to provide private companies with an alternative route to public markets.