Shares of Marquee Raine Acquisition Corp. (OTCMKTS:MRACU – Get Free Report) rose 3% during trading on Wednesday . The company traded as high as $11.14 and last traded at $11.14. Approximately 800 shares traded hands during trading, a decline of 98% from the average session volume of 48,791 shares. The stock had previously closed at $10.82.
Marquee Raine Acquisition Price Performance
The company’s 50-day simple moving average is $11.14 and its two-hundred day simple moving average is $11.14.
Marquee Raine Acquisition Company Profile
Marquee Raine Acquisition Corp is a Delaware‐incorporated special purpose acquisition company (SPAC) formed to raise capital through an initial public offering and to acquire or merge with an existing business. The company’s primary objective is to identify and complete a business combination in sectors where it sees strong growth potential, with an emphasis on media, entertainment, sports and digital commerce.
As a blank‐check vehicle, Marquee Raine Acquisition does not conduct operating activities of its own.
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