One Equity Partners Open Water I (OTCMKTS:OEPWU) Shares Down 0.2% – Here’s Why

One Equity Partners Open Water I Corp. (OTCMKTS:OEPWU)’s stock price was down 0.2% on Friday. The stock traded as low as $10.04 and last traded at $10.05. Approximately 16,300 shares changed hands during trading, an increase of 56% from the average session volume of 10,465 shares. The stock had previously closed at $10.07.

One Equity Partners Open Water I Stock Performance

The stock’s fifty day simple moving average is $10.05 and its 200-day simple moving average is $10.05.

About One Equity Partners Open Water I

One Equity Partners Open Water I is a special purpose acquisition company (SPAC) associated with One Equity Partners. The company was formed to identify and complete a business combination, such as a merger, acquisition or similar transaction, with an operating business.

Unlike an operating company, One Equity Partners Open Water I does not appear to have a standalone portfolio of products or services. Its principal activities are generally related to evaluating potential acquisition targets, completing a business combination and managing related corporate and regulatory requirements.

The company’s OTC Markets symbol, OEPWU, represents its publicly traded units.