Forest Road Acquisition Corp.(FRX) is a stock of interest due to the large impact the company has on the market. Here at Wall Street Facts we only cover the best stocks so make sure you check out our other articles. Today we will be diving deep into all of the essential information you need to know about FRX. We will be studying the movement so you can make the best decision as an investor. The stock has moved downwards today by 0.55%. The high for today is 10.06 and today’s low is 10.0. This information is critical in deciding whether this investment is risky or not. We can see the stock is trending downwards, which means the volume of people selling this stock is greater than people buying it.
Forest Road Acquisition Corp. operates as a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses for its initial business. The company was founded on September 24, 2020 and is headquartered in New York, NY.
As an investor, you can get an idea of where the stock is trending by the forecast. In this case, the high forecast for Forest Road Acquisition Corp. is $55.00 and the low forecast is $25.00. Overall, Forest Road Acquisition Corp. is in great shape going forward. They have a strong market cap of $375.37M and a very bright future ahead of them. Make sure to subscribe to our newsletter to never miss an update!