Pivotal Acquisition Corp (NYSE:PVT) shares saw unusually-high trading volume on Thursday . Approximately 2,374,318 shares changed hands during mid-day trading, an increase of 944% from the previous session’s volume of 227,485 shares.The stock last traded at $10.13 and had previously closed at $10.10.
Separately, Northland Securities initiated coverage on shares of Pivotal Acquisition in a research report on Monday. They issued a “buy” rating and a $14.00 price target on the stock.
The stock has a 50-day simple moving average of $10.16.
Pivotal Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company was founded in 2018 and is based in New York, New York.
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