FAST Acquisition Corp. (NYSE:FST) was up 1.3% on Wednesday . The company traded as high as $10.49 and last traded at $10.46. Approximately 551,285 shares traded hands during mid-day trading, an increase of 104% from the average daily volume of 270,674 shares. The stock had previously closed at $10.33.
The business’s 50 day moving average is $10.04.
In other FAST Acquisition news, major shareholder Glazer Capital, Llc sold 2,601 shares of the business’s stock in a transaction that occurred on Monday, December 14th. The stock was sold at an average price of $10.70, for a total value of $27,830.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 66,408 shares of company stock valued at $680,513. 1.26% of the stock is owned by company insiders.
FAST Acquisition Corp. intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in restaurant, hospitality, and related sectors in North America. The company was founded in 2020 and is based in New York, New York.
Further Reading: Initial Coin Offerings entail a high degree of risk
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