Shares of CHECU (NASDAQ:CHECU – Get Free Report) traded down 2% during mid-day trading on Thursday. The company traded as low as $10.42 and last traded at $10.28. 200 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 2,263 shares. The stock had previously closed at $10.49.
CHECU Trading Down 2.0%
The company’s 50 day simple moving average is $10.34 and its 200-day simple moving average is $10.24.
About CHECU
CHECU is the unit ticker associated with Chenghe Acquisition Co, a special purpose acquisition company (SPAC). Chenghe was formed to pursue a merger, share exchange, asset acquisition, or similar business combination; it did not operate a commercial business or offer products and services of its own.
The company focused on identifying a business combination involving opportunities in Asia, including technology and technology-enabled sectors. Its role was to provide a public-market vehicle for a privately held business rather than to conduct ongoing operating activities.
Chenghe pursued a business combination with Semilux International, an optical technology company.
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