Shares of Hudson Executive Investment Corp. (OTCMKTS:HECCU – Get Free Report) shot up 3.4% on Thursday. The company traded as high as $9.20 and last traded at $9.00. 8,700 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 44,486 shares. The stock had previously closed at $8.70.
Hudson Executive Investment Stock Up 3.4%
The company has a 50 day moving average price of $9.00 and a 200-day moving average price of $9.00.
About Hudson Executive Investment
Hudson Executive Investment is a special purpose acquisition company (SPAC) established to identify and complete a merger, acquisition, or similar business combination with an operating company. Unlike an operating business, the company was not created to sell products or provide services directly to customers.
Its activities have primarily involved evaluating potential acquisition opportunities, raising capital through a public offering, and holding proceeds in trust while seeking a suitable transaction.
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