Shares of Colicity Inc. (OTCMKTS:COLIU – Get Free Report) dropped 0% on Tuesday . The stock traded as low as $10.05 and last traded at $10.06. Approximately 3,100 shares changed hands during trading, a decline of 79% from the average daily volume of 15,108 shares. The stock had previously closed at $10.06.
Colicity Stock Performance
The stock has a 50-day moving average price of $10.06 and a 200 day moving average price of $10.06.
Hedge Funds Weigh In On Colicity
An institutional investor recently bought a new position in Colicity stock. Cubist Systematic Strategies LLC purchased a new stake in Colicity Inc. (OTCMKTS:COLIU – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 18,092 shares of the company’s stock, valued at approximately $178,000.
Colicity Company Profile
Colicity Inc does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus its search on identifying a prospective target business in the technology, media, and telecommunications industries in the United States and other developed countries.
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