Tiga Acquisition (NYSE:TINV) Stock Price Up 3.4% – Still a Buy?

Tiga Acquisition Corp. (NYSE:TINV)’s share price shot up 3.4% during mid-day trading on Wednesday . The company traded as high as $10.42 and last traded at $10.42. 1,140,629 shares were traded during trading, an increase of 977% from the average session volume of 105,946 shares. The stock had previously closed at $10.08.

Tiga Acquisition Stock Up 3.4%

The stock’s fifty day simple moving average is $12.35 and its 200-day simple moving average is $13.90.

Tiga Acquisition Company Profile

Tiga Acquisition Corporation (NYSE: TINV) is a Delaware‐incorporated special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a blank‐check vehicle, Tiga Acquisition does not engage in traditional operating activities and maintains its cash in an interest‐bearing trust account until it identifies a suitable target.

The company’s management team brings together professionals with backgrounds in investment banking, private equity and corporate strategy to source and evaluate prospective merger candidates.