Progress Acquisition Corp. (OTCMKTS:PGRWU – Get Free Report)’s share price fell 0.2% during trading on Friday. The company traded as low as $10.35 and last traded at $10.35. Approximately 3,100 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 6,664 shares. The stock had previously closed at $10.37.
Progress Acquisition Stock Performance
The stock has a 50-day simple moving average of $10.35 and a 200 day simple moving average of $10.35.
Progress Acquisition Company Profile
Progress Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Its potential transactions could have included a merger, stock exchange, asset acquisition, reorganization or similar combination.
Unlike an operating company, Progress Acquisition did not develop, manufacture or sell products and did not provide services to customers. Its activities were primarily related to evaluating potential acquisition targets and completing the SPAC process.
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