Tiga Acquisition (NYSE:TINV) Stock Price Down 1.5% – Here’s Why

Tiga Acquisition Corp. (NYSE:TINV) dropped 1.5% during trading on Tuesday . The stock traded as low as $12.94 and last traded at $13.15. 1,448,638 shares were traded during trading, an increase of 1,267% from the average daily volume of 105,946 shares. The stock had previously closed at $13.35.

Tiga Acquisition Price Performance

The stock has a 50-day moving average of $12.96 and a two-hundred day moving average of $12.50.

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.