Silver Spike Investment (NASDAQ:SSIC) Trading Down 2.2% - Should You Sell?

Key Points

• Shares fell 2.2% intraday to $9.27 (low $9.26) on heavy trading—about 48,783 shares, a 343% jump versus the 11,019 average.
• Silver Spike is a blank‑check SPAC with no commercial operations and aims to acquire businesses; it has a market cap of $57.6M, a PE of 10.66 and a beta of 0.28 (50‑day MA $9.78, 200‑day MA $10.24).

Silver Spike Investment Corp. (NASDAQ:SSIC - Get Free Report)'s stock price was down 2.2% during mid-day trading on Wednesday . The company traded as low as $9.26 and last traded at $9.27. Approximately 48,783 shares were traded during trading, an increase of 343% from the average daily volume of 11,019 shares. The stock had previously closed at $9.48.

Silver Spike Investment Trading Down 2.2%

The business has a 50 day moving average of $9.78 and a 200-day moving average of $10.24. The stock has a market cap of $57.61 million, a PE ratio of 10.66 and a beta of 0.28.

About Silver Spike Investment

Silver Spike Investment Corporation is a blank check company incorporated in Delaware. Its units trade on the Nasdaq Capital Market under the ticker symbol SSIC. As a special purpose acquisition company (SPAC), Silver Spike Investment does not engage in commercial operations of its own.

The company's primary focus is to identify and acquire one or more businesses or assets through mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations or similar business combinations.

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