Insight Acquisition Corp. (OTCMKTS:INAQU – Get Free Report) dropped 7.2% on Monday . The company traded as low as $10.90 and last traded at $11.13. Approximately 20,900 shares were traded during mid-day trading, an increase of 577% from the average daily volume of 3,086 shares. The stock had previously closed at $12.00.
Insight Acquisition Stock Performance
The company has a 50 day moving average of $11.13 and a 200-day moving average of $11.13.
Insight Acquisition Company Profile
Insight Acquisition (OTCMKTS:INAQU) is a special purpose acquisition company (SPAC) that was formed in 2021 to identify and complete a merger, share exchange, asset acquisition or other business combination. Like other blank‐check companies, it raises capital through the sale of units and holds the proceeds in a trust account until a qualifying transaction is consummated.
The company’s management team has stated its intent to pursue targets that offer strong growth potential, although it has not publicly specified particular industries or geographies.
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