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Here’s Our Rant About Gores Guggenheim Inc. (GGPI)

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Gores Guggenheim Inc. (NASDAQ:GGPI) went up by 2.02% from its latest closing price compared to the recent 1-year high of $16.41. The company’s stock price has collected -1.02% of loss in the last five trading sessions. Press Release reported 16 hours ago that Polestar Meets Global Sales Target of 29,000 Cars in 2021 and Continues to Deliver on Ambitious Growth Plans Ahead of Proposed Listing

Is It Worth Investing in Gores Guggenheim Inc. (NASDAQ :GGPI) Right Now?

GGPI currently public float of 80.00M and currently shorts hold a 7.91% ratio of that float. Today, the average trading volume of GGPI was 8.95M shares.

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GGPI’s Market Performance

GGPI stocks went down by -1.02% for the week, with a monthly jump of 0.35% and a quarterly performance of 14.84%. The volatility ratio for the week stands at 4.18% while the volatility levels for the past 30 days are set at 4.18% for Gores Guggenheim Inc.. The simple moving average for the period of the last 20 days is 1.80% for GGPI stocks with a simple moving average of 9.71% for the last 200 days.

GGPI Trading at -3.39% from the 50-Day Moving Average

After a stumble in the market that brought GGPI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.25% of loss for the given period.

Volatility was left at 4.18%, however, over the last 30 days, the volatility rate increased by 4.18%, as shares sank -0.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.30% upper at present.

During the last 5 trading sessions, GGPI fell by -1.02%, in comparison to the 20-day moving average, which settled at $11.40. In addition, Gores Guggenheim Inc. saw -0.77% in overturn over a single year, with a tendency to cut further losses.

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