Why Stable Road Acquisition Corp Stock (i.e. Momentus) Is Moving Higher Today
Shares of Stable Road Acquisition Corp (NASDAQ: SRAC), the special purpose acquisition company (SPAC) that aims to bring space tow truck service Momentus public next year in a reverse merger IPO, popped 12% as of 11:15 a.m. EST. There doesn't seem to be any news happening to explain the pop, however.
No news relating directly to Stable Road or to Momentus, that is. No analysts have upgraded the SPAC stock, no higher price targets been announced, and there's not a peep out of the company's press department either.
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Source Fool.com