Velocity Acquisition Corp. (OTCMKTS:VELOU – Get Free Report) traded down 0.6% during trading on Thursday. The company traded as low as $9.99 and last traded at $9.99. 200 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 3,102 shares. The stock had previously closed at $10.05.
Velocity Acquisition Price Performance
The stock has a 50 day moving average of $9.99 and a 200 day moving average of $9.99.
Velocity Acquisition Company Profile
Velocity Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Rather than developing or selling products of its own, the company raised capital through a public offering and held those funds while evaluating potential merger, acquisition, or similar transactions.
The company sought opportunities across a broad range of industries and geographies, subject to the requirements outlined in its public filings.
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