Tiga Acquisition (NYSE:TINV) Shares Up 1% – What’s Next?

Tiga Acquisition Corp. (NYSE:TINV) traded up 1% during mid-day trading on Tuesday . The stock traded as high as $12.78 and last traded at $12.62. 1,253,694 shares traded hands during mid-day trading, an increase of 1,083% from the average session volume of 105,946 shares. The stock had previously closed at $12.50.

Tiga Acquisition Stock Performance

The business’s 50 day moving average price is $13.06 and its 200 day moving average price is $12.63.

Tiga Acquisition Company Profile

Tiga Acquisition Corporation (NYSE: TINV) is a Delaware‐incorporated special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a blank‐check vehicle, Tiga Acquisition does not engage in traditional operating activities and maintains its cash in an interest‐bearing trust account until it identifies a suitable target.

The company’s management team brings together professionals with backgrounds in investment banking, private equity and corporate strategy to source and evaluate prospective merger candidates.