Shares of Falcon Capital Acquisition Corp. (OTCMKTS:FCACU – Get Free Report) dropped 7% during mid-day trading on Tuesday . The company traded as low as $9.35 and last traded at $9.55. Approximately 7,500 shares changed hands during trading, a decline of 89% from the average daily volume of 71,200 shares. The stock had previously closed at $10.27.
Falcon Capital Acquisition Stock Performance
The stock’s 50-day moving average price is $9.55 and its 200-day moving average price is $9.55.
About Falcon Capital Acquisition
Falcon Capital Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more operating businesses. The company was incorporated in 2020 and is based in New York, New York.
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