Media coverage about FINTECH ACQUISI/SH (NASDAQ:FNTE) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. FINTECH ACQUISI/SH earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the company an impact score of 44.3252318777992 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Separately, Northland Securities assumed coverage on shares of FINTECH ACQUISI/SH in a research report on Thursday, June 7th. They issued an “outperform” rating and a $15.00 target price for the company.
Get FINTECH ACQUISI/SH alerts:Shares of NASDAQ:FNTE traded down $0.02 on Friday, hitting $10.00. The company had a trading volume of 113,200 shares, compared to its average volume of 147,814. FINTECH ACQUISI/SH has a 1 year low of $9.70 and a 1 year high of $11.76.
In related news, Director Betsy Z. Cohen bought 500,000 shares of the company’s stock in a transaction dated Friday, June 29th. The stock was purchased at an average cost of $10.05 per share, with a total value of $5,025,000.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Daniel G. Cohen bought 300,000 shares of the company’s stock in a transaction dated Friday, June 29th. The stock was bought at an average cost of $10.05 per share, with a total value of $3,015,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 1,000,000 shares of company stock valued at $10,050,000.
FINTECH ACQUISI/SH Company Profile
FinTech Acquisition Corp. II intends to acquire businesses or assets through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business transaction. The company was founded in 2015 and is based in Philadelphia, Pennsylvania.
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