DiamondPeak Holdings Corp. (OTCMKTS:DPHCU – Get Free Report) shares fell 13.7% during trading on Thursday. The stock traded as low as $19.76 and last traded at $20.45. Approximately 65,400 shares were traded during mid-day trading, an increase of 32% from the average daily volume of 49,678 shares. The stock had previously closed at $23.69.
DiamondPeak Price Performance
The stock has a 50-day moving average price of $20.45 and a 200 day moving average price of $20.45.
DiamondPeak Company Profile
DiamondPeak Holdings Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Its securities traded under the symbol DPHCU as units, which typically consisted of common stock and warrants.
The company did not conduct significant operating activities or offer products and services of its own. Instead, DiamondPeak focused on evaluating potential merger, stock purchase, or similar transactions with a target business, particularly within the industrial and transportation sectors.
In 2020, DiamondPeak completed a business combination with Lordstown Motors Corp., an electric-vehicle manufacturer developing commercial pickup trucks.
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