Marquee Raine Acquisition Corp. (OTCMKTS:MRACU – Get Free Report) shares shot up 3% on Thursday. The company traded as high as $11.14 and last traded at $11.14. 800 shares were traded during trading, a decline of 98% from the average session volume of 48,791 shares. The stock had previously closed at $10.82.
Marquee Raine Acquisition Stock Performance
The firm has a fifty day moving average price of $11.14 and a two-hundred day moving average price of $11.14.
Marquee Raine Acquisition Company Profile
Marquee Raine Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and acquire, or combine with, an operating business. As a blank-check company, it did not conduct significant commercial operations of its own and did not offer products or services to customers.
The company’s stated investment focus included businesses in the sports, media, entertainment and technology sectors, with an emphasis on companies that could benefit from strategic, operational and financial expertise in those industries.
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