Fintech Acquisition Corp. IV (OTCMKTS:FTIVU – Get Free Report) shares traded down 0.4% during mid-day trading on Thursday. The stock traded as low as $13.81 and last traded at $14.14. 3,200 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 16,657 shares. The stock had previously closed at $14.20.
Fintech Acquisition Corp. IV Stock Performance
The stock’s 50-day moving average is $14.14 and its 200-day moving average is $14.14.
About Fintech Acquisition Corp. IV
Fintech Acquisition Corp. IV was a special purpose acquisition company (SPAC) formed to identify and combine with a business in the financial technology, financial services, or related sectors. Before completing a transaction, the company did not conduct significant operating activities, manufacture products, or provide services to customers; its primary activities involved raising capital and evaluating potential acquisition targets.
The company announced a business combination with Perella Weinberg Partners, a global independent advisory and asset-management firm, and completed that transaction in 2021.
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