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SilverBox Engaged Merger Corp I (NASDAQ:SBEA) Trading Down 2.9% - Here's Why

SilverBox Engaged Merger Corp I logo with background

Shares of SilverBox Engaged Merger Corp I (NASDAQ:SBEA - Get Free Report) dropped 2.9% during mid-day trading on Tuesday . The stock traded as low as $1.32 and last traded at $1.33. Approximately 754,379 shares were traded during trading, a decline of 27% from the average daily volume of 1,027,737 shares. The stock had previously closed at $1.37.

SilverBox Engaged Merger Corp I Stock Performance

The firm's 50 day moving average price is $1.54 and its 200-day moving average price is $1.72.

SilverBox Engaged Merger Corp I Company Profile

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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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