Marquee Raine Acquisition Corp. (NASDAQ:MRAC) traded up 16.4% on Tuesday . The company traded as high as $12.04 and last traded at $11.27. 9,619 shares changed hands during trading, a decline of 98% from the average session volume of 623,976 shares. The stock had previously closed at $9.68.
A number of equities analysts have weighed in on the company. Loop Capital assumed coverage on Marquee Raine Acquisition in a research note on Tuesday, July 13th. They set a “hold” rating and a $11.00 price objective for the company. Zacks Investment Research lowered Marquee Raine Acquisition from a “hold” rating to a “sell” rating in a research note on Friday, September 17th. Finally, Telsey Advisory Group started coverage on Marquee Raine Acquisition in a research report on Friday, July 16th. They set an “outperform” rating and a $14.00 target price on the stock.
The stock has a 50-day moving average price of $9.92 and a 200 day moving average price of $9.90.
About Marquee Raine Acquisition (NASDAQ:MRAC)
Marquee Raine Acquisition Corp., a blank check company, intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses or entities. The company was founded in 2020 and is based in New York, New York.
Read More: Fibonacci Channel
Receive News & Ratings for Marquee Raine Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marquee Raine Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.