GalaxyEdge Acquisition’s (NYSE:GLED – Get Free Report) lock-up period will end on Monday, August 31st. GalaxyEdge Acquisition had issued 10,000,000 shares in its IPO on March 4th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings began coverage on GalaxyEdge Acquisition in a report on Tuesday, August 18th. They issued a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.
Read Our Latest Stock Report on GLED
GalaxyEdge Acquisition Price Performance
NYSE:GLED opened at $10.02 on Friday. The stock’s 50-day simple moving average is $9.97. GalaxyEdge Acquisition has a 12-month low of $9.87 and a 12-month high of $10.06.
GalaxyEdge Acquisition Company Profile
GalaxyEdge Acquisition Corp is a newly organized blank check company. The company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities.
Featured Articles
- Five stocks we like better than GalaxyEdge Acquisition
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
Receive News & Ratings for GalaxyEdge Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GalaxyEdge Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.
