Indigo Acquisition Corp. (NASDAQ:INACU – Get Free Report) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $10.42 and traded as low as $10.40. Indigo Acquisition shares last traded at $10.41, with a volume of 4,072 shares trading hands.
Indigo Acquisition Price Performance
The business has a 50-day moving average of $10.48 and a 200 day moving average of $10.42.
Indigo Acquisition Company Profile
Indigo Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses.
As a SPAC, the company does not have significant ongoing commercial operations, products or services of its own. Its principal activity is identifying a suitable target company and completing a transaction that would allow the target to become a publicly traded business.
Publicly available information about Indigo Acquisition Corp.’s specific target industry, geographic focus and leadership is limited.
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