Shares of FTAC Emerald Acquisition Corp. (NASDAQ:FLD - Get Free Report) dropped 10.9% during trading on Monday . The stock traded as low as $4.00 and last traded at $4.18. Approximately 269,514 shares were traded during mid-day trading, an increase of 89% from the average daily volume of 142,585 shares. The stock had previously closed at $4.69.
Analysts Set New Price Targets
Separately, HC Wainwright reissued a "buy" rating and issued a $7.00 target price on shares of FTAC Emerald Acquisition in a report on Monday, April 14th.
View Our Latest Research Report on FLD
FTAC Emerald Acquisition Trading Down 3.6%
The firm's fifty day moving average is $5.19 and its 200-day moving average is $8.70.
About FTAC Emerald Acquisition
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FTAC Emerald Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, and similar business combination with one or more businesses or assets operating in the clean/renewable energy, water sustainability, agricultural technology, shared economy software, and mobility sectors.
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