Altimeter Growth Corp. (OTCMKTS:AGCUU – Get Free Report) dropped 12.5% during trading on Thursday . The company traded as low as $11.87 and last traded at $11.87. Approximately 150,700 shares changed hands during mid-day trading, an increase of 51% from the average daily volume of 99,899 shares. The stock had previously closed at $13.56.
Altimeter Growth Stock Performance
The stock has a 50 day moving average price of $11.87 and a two-hundred day moving average price of $11.87.
Altimeter Growth Company Profile
Altimeter Growth Corp II (OTCMKTS:AGCUU) is a special purpose acquisition company (SPAC) sponsored by Altimeter Capital Management, LLC. Incorporated in Delaware, the firm was established to pursue mergers or acquisitions with privately held businesses, providing investors with an alternative route to public markets. As a blank check company, Altimeter Growth Corp II seeks to identify high-growth companies and partner with management teams to accelerate expansion and value creation.
The company completed its initial public offering in 2021, issuing units that trade under the symbol AGCUU.
Further Reading
- Five stocks we like better than Altimeter Growth
- 3 Energy Stocks Raising Dividends as the Sector Surges
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
- Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
- The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
Receive News & Ratings for Altimeter Growth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altimeter Growth and related companies with MarketBeat.com's FREE daily email newsletter.
