Rodgers Silicon Valley Acquisition Corp. (OTCMKTS:RSVAU – Get Free Report) shares fell 5.3% during trading on Friday. The stock traded as low as $24.18 and last traded at $24.22. Approximately 17,000 shares changed 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 Trading Down 5.3%
The stock has a 50-day moving average of $24.22 and a 200 day moving average of $24.22.
About Rodgers Silicon Valley Acquisition
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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