Future Vision II Acquisition (NASDAQ:FVNNU) Shares Down 0.3% – Should You Sell?

Future Vision II Acquisition Corp. (NASDAQ:FVNNU)’s stock price traded down 0.3% during mid-day trading on Wednesday . The stock traded as low as $11.07 and last traded at $11.07. 1,804 shares changed hands during trading, an increase of 9% from the average session volume of 1,651 shares. The stock had previously closed at $11.10.

Future Vision II Acquisition Price Performance

The company’s 50 day simple moving average is $10.67 and its two-hundred day simple moving average is $10.59.

Future Vision II Acquisition Company Profile

Future Vision II Acquisition Corp is a Delaware-incorporated special purpose acquisition company (SPAC) formed to raise capital through an initial public offering and pursue mergers, capital stock exchanges, asset acquisitions or other business combinations. The company’s units trade on the Nasdaq under the ticker FVNNU, with each unit consisting of one share of common stock and a fraction of a warrant. Upon completion of its IPO, proceeds from the offering were placed in a trust account, pending approval by shareholders for a proposed business combination.

As a blank check entity, Future Vision II does not conduct any commercial operations of its own.