Velocity Acquisition Corp. (OTCMKTS:VELOU – Get Free Report) dropped 0.6% on Friday . The company traded as low as $9.99 and last traded at $9.99. Approximately 200 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 3,102 shares. The stock had previously closed at $10.05.
Velocity Acquisition Trading Down 0.6 %
The business’s 50-day moving average price is $9.99 and its 200-day moving average price is $9.99.
About Velocity Acquisition
Velocity Acquisition Corp. does not have significant operations. It intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in digital transformation businesses. The company was incorporated in 2020 and is based in Ridgefield, Connecticut.
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