Tiga Acquisition (NYSE:TINV) Hits New 52-Week High at $71.51

Tiga Acquisition Corp. (NYSE:TINVGet Rating)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $71.51 and last traded at $36.50, with a volume of 2687902 shares changing hands. The stock had previously closed at $11.63.

Tiga Acquisition Price Performance

The business’s 50 day moving average price is $10.95 and its 200-day moving average price is $10.52.

Institutional Investors Weigh In On Tiga Acquisition

A number of institutional investors have recently modified their holdings of the stock. Arena Investors LP bought a new stake in shares of Tiga Acquisition during the 1st quarter valued at about $4,841,000. Karpus Management Inc. grew its position in shares of Tiga Acquisition by 22.0% during the 1st quarter. Karpus Management Inc. now owns 872,610 shares of the company’s stock valued at $8,944,000 after buying an additional 157,479 shares during the last quarter. Cohanzick Management LLC bought a new stake in shares of Tiga Acquisition during the 1st quarter valued at about $222,000. Spartan Fund Management Inc. bought a new stake in shares of Tiga Acquisition during the 1st quarter valued at about $2,972,000. Finally, Wolverine Asset Management LLC grew its position in shares of Tiga Acquisition by 134.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 175,246 shares of the company’s stock valued at $1,799,000 after buying an additional 100,491 shares during the last quarter. Institutional investors and hedge funds own 54.49% of the company’s stock.

Tiga Acquisition Company Profile

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Tiga Acquisition Corp. does not have significant operations. It intends to effect 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 2020 and is headquartered in Singapore.

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