Forum Merger (NASDAQ:FMCIU) Trading Down 0.5%

Shares of Forum Merger Corp (NASDAQ:FMCIU) were down 0.5% during trading on Monday . The stock traded as low as $10.65 and last traded at $10.65, approximately 6,200 shares were traded during trading. A decline of 67% from the average daily volume of 18,758 shares. The stock had previously closed at $10.70.

The business’s fifty day moving average is $10.64.

An institutional investor recently raised its position in Forum Merger stock. Periscope Capital Inc. grew its stake in Forum Merger Corp (NASDAQ:FMCIU) by 2.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 362,500 shares of the company’s stock after buying an additional 10,000 shares during the period. Periscope Capital Inc.’s holdings in Forum Merger were worth $3,750,000 as of its most recent filing with the Securities and Exchange Commission.

Forum Merger Company Profile (NASDAQ:FMCIU)

ConvergeOne Holdings, Inc, formerly Forum Merger Corporation, is an information technology (IT) service provider of collaboration and technology solutions for large and medium enterprises. It offers collaboration, enterprise networking, data center, cloud and security solutions to its customers. It delivers these offerings across several delivery models including on-premise, and in private, hybrid, and public clouds, as well as the proprietary ConvergeOne Cloud, regardless of client’s existing infrastructure.

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