FTAC Emerald Acquisition (NASDAQ:FLD) Trading Down 10.9% - Should You Sell?

Shares of FTAC Emerald Acquisition Corp. (NASDAQ:FLD - Get Free Report) were down 10.9% during mid-day trading on Monday . The company traded as low as $4.00 and last traded at $4.18. Approximately 269,514 shares changed hands 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 reiterated a "buy" rating and set a $7.00 price target on shares of FTAC Emerald Acquisition in a research note on Monday, April 14th.

FTAC Emerald Acquisition Price Performance

The stock has a 50-day moving average of $5.28 and a 200 day moving average of $8.89.

FTAC Emerald Acquisition Company Profile

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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