Rodgers Silicon Valley Acquisition Corp. (OTCMKTS:RSVAU – Get Free Report)’s stock price fell 5.3% during mid-day trading on Friday. The company traded as low as $24.18 and last traded at $24.22. Approximately 17,000 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 67,461 shares. The stock had previously closed at $25.58.
Rodgers Silicon Valley Acquisition Stock Performance
The firm has a 50 day simple moving average of $24.22 and a two-hundred day simple moving average of $24.22.
Rodgers Silicon Valley Acquisition Company Profile
Rodgers Silicon Valley Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and combine with a technology-focused business. Unlike an operating company, it did not develop or sell products or services of its own; its primary activities involved raising capital through a public offering and seeking a merger or similar business combination.
The company entered into a business combination with Enovix Corporation, a developer of advanced lithium-ion batteries and silicon-anode battery technology.
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