Fortress Value Acquisition Corp. (NYSE:FVAC) went up by 5.80% from its latest closing price compared to the recent 1-year high of $16.41. The company’s stock price has collected 0.59% of gains in the last five trading sessions. Press Release reported on 09/21/20 that Fortress Value Acquisition Corp. Announces Two New Board Nominees in Connection With Its Merger With MP Materials
Is It Worth Investing in Fortress Value Acquisition Corp. (NYSE :FVAC) Right Now?
Today, the average trading volume of FVAC was 1.41M shares.
FVAC’s Market Performance
FVAC stocks went up by 0.59% for the week, with a monthly jump of 0.59% and a quarterly performance of 36.21%. The volatility ratio for the week stands at 6.84% while the volatility levels for the past 30 days are set at 8.68% for Fortress Value Acquisition Corp.. The simple moving average for the period of the last 20 days is -0.43% for FVAC stocks with a simple moving average of 16.20% for the last 200 days.
FVAC Trading at 8.49% from the 50-Day Moving Average
After a stumble in the market that brought FVAC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.44% of loss for the given period.
Volatility was left at 8.68%, however, over the last 30 days, the volatility rate increased by 6.84%, as shares surge +1.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.70% lower at present.
During the last 5 trading sessions, FVAC rose by +4.23%, in comparison to the 20-day moving average, which settled at $14.44. In addition, Fortress Value Acquisition Corp. saw 35.80% in overturn over a single year, with a tendency to cut further gains.