Forum Merger III Co. (NASDAQ:FIII) saw unusually large options trading activity on Wednesday. Investors bought 1,678 put options on the stock. This is an increase of approximately 1,143% compared to the typical volume of 135 put options.
NASDAQ FIII opened at $10.06 on Friday. The company has a fifty day simple moving average of $9.95. Forum Merger III has a 12-month low of $9.67 and a 12-month high of $15.30.
Several brokerages have recently commented on FIII. Benchmark began coverage on shares of Forum Merger III in a research report on Friday, March 19th. They set a “buy” rating and a $23.00 price objective for the company. Colliers Securities began coverage on shares of Forum Merger III in a research report on Friday, March 19th. They issued a “buy” rating and a $13.00 price target for the company.
Forum Merger III Company Profile
Forum Merger III Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in Delray Beach, Florida.
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