Tiga Acquisition (NYSE:TINV) Trading 2.5% Higher - Should You Buy?

Key Points

• Shares rose 2.5% to $12.21 (intraday high $12.26) on Thursday, with 2,220,699 shares traded — about a 1,996% increase versus average daily volume.
• The stock’s 50‑day simple moving average is $11.65 while the 200‑day SMA is $13.31, placing the current price above the short‑term trend but below the long‑term average.
• Tiga Acquisition is a SPAC that holds cash in an interest‑bearing trust until it completes a merger or similar business combination, and its management has backgrounds in investment banking, private equity and corporate strategy.

Shares of Tiga Acquisition Corp. (NYSE:TINV - Get Free Report) traded up 2.5% during trading on Thursday . The company traded as high as $12.26 and last traded at $12.21. 2,220,699 shares changed hands during trading, an increase of 1,996% from the average session volume of 105,946 shares. The stock had previously closed at $11.91.

Tiga Acquisition Stock Up 2.5%

The stock has a 50 day simple moving average of $11.65 and a two-hundred day simple moving average of $13.31.

About Tiga Acquisition

Tiga Acquisition Corporation NYSE: TINV is a Delaware‐incorporated special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a blank‐check vehicle, Tiga Acquisition does not engage in traditional operating activities and maintains its cash in an interest‐bearing trust account until it identifies a suitable target.

The company's management team brings together professionals with backgrounds in investment banking, private equity and corporate strategy to source and evaluate prospective merger candidates.

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