Marquee Raine Acquisition Corp. (OTCMKTS:MRACU – Get Free Report) shot up 3% during trading on Wednesday. The stock traded as high as $11.14 and last traded at $11.14. Approximately 800 shares were traded during trading, a decline of 98% from the average session volume of 48,791 shares. The stock had previously closed at $10.82.
Marquee Raine Acquisition Trading Up 3.0%
The stock has a fifty day moving average price of $11.14 and a two-hundred day moving average price of $11.14.
Marquee Raine Acquisition Company Profile
Marquee Raine Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and combine with a business through a merger, stock purchase, or similar transaction. As a SPAC, it did not operate a traditional product or service business of its own.
The company was sponsored by an affiliate associated with Marquee Sports Holdings and The Raine Group, an investment bank and advisory firm focused on the sports, media, entertainment, and technology sectors. Its investment mandate centered on seeking a target business with operations or growth opportunities in these industries.
Marquee Raine Acquisition Corp.
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