DiamondPeak (OTCMKTS:DPHCU) Shares Down 13.7% – Time to Sell?

DiamondPeak Holdings Corp. (OTCMKTS:DPHCU) shares were down 13.7% during trading on Thursday . The stock traded as low as $19.76 and last traded at $20.45. Approximately 65,400 shares changed hands 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 business has a 50-day moving average of $20.45 and a 200 day moving average of $20.45.

DiamondPeak Company Profile

DiamondPeak Holdings Corp. is a special purpose acquisition company formed to raise capital through an initial public offering and pursue merger, capital stock purchase, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Trading on the OTC Markets under the ticker DPHCU, DiamondPeak offers units comprised of one Class A ordinary share and one-half of a redeemable warrant.

As a blank-check company, DiamondPeak does not maintain traditional business operations.