Shares of Hudson Executive Investment Corp. (OTCMKTS:HECCU – Get Free Report) rose 3.4% during trading on Thursday. The stock traded as high as $9.20 and last traded at $9.00. Approximately 8,700 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 44,486 shares. The stock had previously closed at $8.70.
Hudson Executive Investment Trading Up 3.4%
The firm’s fifty day simple moving average is $9.00 and its 200 day simple moving average is $9.00.
Hudson Executive Investment Company Profile
Hudson Executive Investment is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Its potential transactions may include a merger, acquisition, stock purchase, reorganization, or similar combination with one or more businesses.
Unlike an operating company, Hudson Executive Investment does not appear to offer its own products or services. Its activities are primarily focused on raising capital, evaluating prospective acquisition targets, and pursuing a transaction intended to establish a combined public company.
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