Shares of PropTech Acquisition Co. (OTCMKTS:PTACU – Get Free Report) traded down 0.1% on Thursday. The company traded as low as $10.03 and last traded at $10.04. Approximately 8,266 shares traded hands during trading, a decline of 85% from the average daily volume of 56,848 shares. The stock had previously closed at $10.05.
PropTech Acquisition Trading Down 0.1%
The company has a 50-day moving average price of $10.05 and a two-hundred day moving average price of $11.83.
PropTech Acquisition Company Profile
PropTech Acquisition Corporation was a special purpose acquisition company (SPAC) formed to identify and combine with a business operating in the real estate technology sector. Rather than providing products or services directly to consumers, the company raised capital through a public offering and pursued a merger with a private proptech business.
The company completed its business combination with Porch.com in December 2020. Following the transaction, the combined business operated as Porch Group, Inc, a software and services company serving home services and the broader residential real estate ecosystem.
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