Falcon Capital Acquisition Corp. (OTCMKTS:FCACU – Get Free Report) shares fell 7% during mid-day trading on Thursday . The stock traded as low as $9.35 and last traded at $9.55. 7,500 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 71,200 shares. The stock had previously closed at $10.27.
Falcon Capital Acquisition Stock Down 7.0%
The business has a fifty day moving average price of $9.55 and a 200 day moving average price of $9.55.
About Falcon Capital Acquisition
Falcon Capital Acquisition Corp. is a blank‐check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganisation or similar business combination with one or more businesses. Its units trade on the OTC Markets under the ticker FCACU, reflecting the company’s status as a special purpose acquisition vehicle.
The firm is backed by a management team with experience in private equity, corporate finance and venture investing. While specific leadership details are limited, the sponsors bring a track record of sourcing, structuring and executing growth‐oriented transactions.
Further Reading
- Five stocks we like better than Falcon Capital Acquisition
- 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
- Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?
- Flash in the Pan or Sustained Rally Contender? 3 Momentum Stocks to Watch
- MarketBeat Week in Review – 08/17 – 08/21
Receive News & Ratings for Falcon Capital Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Falcon Capital Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.
