Forge Global soars again after de-SPACing earlier in the week

Forge Global Holdings

25/03/2022 18:13

** Shares of private securities marketplace  FRGE.N  surge
40% to ~$17 in fourth session of trading post de-SPAC
    ** Co second-highest pct gainer among stocks trading across
U.S. exchanges
    ** FRGE debuted on the Nasdaq on Tuesday; in its inaugural
session, stock climbed as much as 164% to $26.7, ending the day
up ~60%  urn:newsml:reuters.com:*:nL3N2VP3M1
    ** However, FRGE saw two consecutive session of losses over
the last couple of days 
    ** About 410 mln shares have traded hands so far on Friday,
close to 7,000 times its 25-day moving avg of 59,311 shares 
    ** Co agreed to go public through a $2 bln merger with
blank-check firm Motive Capital Corp in September last year; the
deal closed on Monday 

 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))