Velocity Acquisition Corp. (OTCMKTS:VELOU – Get Free Report)’s share price dropped 0.6% during mid-day trading on Wednesday . The company traded as low as $9.99 and last traded at $9.99. Approximately 200 shares were traded during trading, a decline of 94% from the average daily volume of 3,102 shares. The stock had previously closed at $10.05.
Velocity Acquisition Stock Performance
The stock’s 50 day moving average is $9.99 and its 200-day moving average 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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