CIIG Merger Corp. (OTCMKTS:CIICU – Get Free Report)’s share price was down 5.1% during trading on Wednesday. The stock traded as low as $26.00 and last traded at $27.99. Approximately 5,100 shares changed hands during trading, a decline of 40% from the average daily volume of 8,511 shares. The stock had previously closed at $29.49.
CIIG Merger Price Performance
The company has a 50-day moving average price of $27.99 and a 200-day moving average price of $27.99.
CIIG Merger Company Profile
CIIG Merger Corp. was a special purpose acquisition company (SPAC) formed to identify and combine with a private business. Unlike an operating company, CIIG did not develop or sell products or services of its own; its principal activity was evaluating potential merger, acquisition, or similar business-combination opportunities.
In 2020, CIIG announced an agreement to combine with Arrival, a company developing electric commercial vehicles and related mobility technologies. Arrival’s products included electric buses and vans, supported by a manufacturing approach based on localized microfactories.
See Also
- Five stocks we like better than CIIG Merger
- Costco Ends Its Fiscal Year on a High Note, Eyes Big Expansion
- Cracker Barrel Stock Is Rallying Again, But the Turnaround Still Has a Traffic Problem
- Oracle’s Force Majeure Notice Exposes a Bigger Problem for the AI Build-Out
- Oil May Be Stronger Than It Looks—And Diamondback Is on Sale
Receive News & Ratings for CIIG Merger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CIIG Merger and related companies with MarketBeat.com's FREE daily email newsletter.
