Marquee Raine Acquisition (OTCMKTS:MRACU) Shares Up 3% – Still a Buy?

Marquee Raine Acquisition Corp. (OTCMKTS:MRACU) shares shot up 3% on Friday . The stock traded as high as $11.14 and last traded at $11.14. 800 shares changed hands during trading, a decline of 98% from the average session volume of 48,791 shares. The stock had previously closed at $10.82.

Marquee Raine Acquisition Trading Up 3.0%

The stock’s fifty day simple moving average is $11.14 and its 200-day simple moving average is $11.14.

Marquee Raine Acquisition Company Profile

Marquee Raine Acquisition Corp is a Delaware‐incorporated special purpose acquisition company (SPAC) formed to raise capital through an initial public offering and to acquire or merge with an existing business. The company’s primary objective is to identify and complete a business combination in sectors where it sees strong growth potential, with an emphasis on media, entertainment, sports and digital commerce.

As a blank‐check vehicle, Marquee Raine Acquisition does not conduct operating activities of its own.