PropTech Acquisition Co. (OTCMKTS:PTACU – Get Free Report) shares traded up 10% on Thursday . The stock traded as high as $16.94 and last traded at $16.94. 300 shares changed hands during trading, a decline of 97% from the average session volume of 10,348 shares. The stock had previously closed at $15.40.
PropTech Acquisition Stock Performance
The firm’s 50 day moving average price is $16.94 and its two-hundred day moving average price is $16.94.
PropTech Acquisition Company Profile
PropTech Acquisition is a special-purpose acquisition company (SPAC) incorporated in Delaware and trading on the OTC Markets under the symbol PTACU. The company was formed to raise capital through an initial public offering with the intent to identify, acquire, and merge with one or more businesses in the property technology (“PropTech”) sector. Like many SPACs, it holds assets in a trust account pending completion of a qualifying business combination, offering investors exposure to the PropTech industry without immediate operating revenues.
The SPAC’s primary focus is on companies that leverage technology to improve real estate transactions, property management, construction processes, and other aspects of the residential and commercial property markets.
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