Altimeter Growth Corp. (OTCMKTS:AGCUU – Get Free Report) shares dropped 12.5% during mid-day trading on Thursday. The stock traded as low as $11.87 and last traded at $11.87. 150,700 shares changed hands during trading, an increase of 51% from the average daily volume of 99,899 shares. The stock had previously closed at $13.56.
Altimeter Growth Price Performance
The firm’s fifty day simple moving average is $11.87 and its 200 day simple moving average is $11.87.
About Altimeter Growth
Altimeter Growth Corp. was a special purpose acquisition company sponsored by Altimeter Capital Management. The company was formed to identify and complete a business combination with a technology-oriented business, with an emphasis on companies operating in the internet, software, financial technology, and related sectors.
In 2021, Altimeter Growth Corp. completed a business combination with Grab Holdings Inc, a Southeast Asian technology company offering ride-hailing, food delivery, digital payments, and other financial services.
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