Tiga Acquisition (NYSE:TINV) Shares Up 1.2% – Should You Buy?

Tiga Acquisition Corp. (NYSE:TINVGet Free Report) was up 1.2% on Thursday . The stock traded as high as $15.84 and last traded at $15.53. Approximately 1,818,665 shares traded hands during mid-day trading, an increase of 1,617% from the average session volume of 105,946 shares. The stock had previously closed at $15.35.

Tiga Acquisition Trading Down 0.3%

The stock has a fifty day moving average price of $15.84 and a 200-day moving average price of $13.98.

About Tiga Acquisition

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Tiga Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a merger, share exchange, asset acquisition, or similar business combination with one or more operating companies. Its securities traded on the New York Stock Exchange under the symbol TINV.

As a SPAC, Tiga Acquisition did not operate a conventional business and did not offer products or services to customers. Instead, its principal activity was raising capital through a public offering and seeking a suitable target company for a potential transaction.

The company’s publicly available business descriptions provide limited detail about its target industries, geographic markets, and leadership beyond its role as an acquisition vehicle.

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