Shares of GX Acquisition Corp. (OTCMKTS:GXGXU – Get Free Report) were up 36.5% during mid-day trading on Monday. The company traded as high as $14.00 and last traded at $11.63. 16,100 shares traded hands during trading, an increase of 148% from the average session volume of 6,479 shares. The stock had previously closed at $8.52.
GX Acquisition Price Performance
The company has a 50-day simple moving average of $11.63 and a 200-day simple moving average of $11.63.
About GX Acquisition
GX Acquisition was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Rather than selling products or services of its own, the company raised capital through its offering of securities and held those funds while evaluating potential merger, acquisition, or similar transactions.
GX Acquisition completed a business combination with Celularity, a biotechnology company focused on cellular therapies and regenerative medicine.
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