SilverBox Engaged Merger Corp I (NASDAQ:SBEA) Stock Price Down 7.2% - Should You Sell?

Key Points

• SilverBox Engaged Merger Corp I's stock price dropped by 7.2%, closing at $1.29 after trading as low as $1.28 during the session.
• The company's average trading volume increased by 16%, with 1,196,354 shares traded compared to its usual 1,027,737 shares.
• SilverBox Engaged Merger Corp I is a blank check company focused on mergers and related business combinations, founded in 2020 and based in Austin, Texas.

Shares of SilverBox Engaged Merger Corp I (NASDAQ:SBEA - ) traded down 7.2% during trading on Thursday . The company traded as low as $1.28 and last traded at $1.29. 1,196,354 shares were traded during mid-day trading, an increase of 16% from the average session volume of 1,027,737 shares. The stock had previously closed at $1.39.

SilverBox Engaged Merger Corp I Price Performance

The business's 50-day moving average price is $1.60 and its 200 day moving average price is $2.02.

About SilverBox Engaged Merger Corp I

SilverBox Engaged Merger Corp I, a blank check company, intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was founded in 2020 and is based in Austin, Texas.

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