Shares of Swiftmerge Acquisition Corp. (NASDAQ:IVCPU – Get Free Report) dropped 1.3% during mid-day trading on Friday . The company traded as low as $9.01 and last traded at $9.20. Approximately 14,700 shares changed hands during mid-day trading, an increase of 253% from the average daily volume of 4,168 shares. The stock had previously closed at $9.32.
Swiftmerge Acquisition Price Performance
The company has a 50-day moving average price of $10.56 and a 200-day moving average price of $10.86.
About Swiftmerge Acquisition
Swiftmerge Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in West Vancouver, Canada.
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