$GGPI is merging with Chinese EV maker Polestar. Gores Guggenheim shares have support at $11. The SPAC is selling off in Tuesday premarket due to Russian actions in Ukraine. by claymarkets stocks trading
The SPAC is selling off in Tuesday premarket due to Russian actions in Ukraine.
At the moment though, GGPI seems to be down on the news coming out of Ukraine. After recognising some breakaway regions in Donbass and Lugansk,has arrived that some Russian troops are now entering these regions that remain legally part of Ukraine. The markets are worried that a full invasion is not far behind. NASDAQ 100 futures, which focuses on growth names, was down as much as 2.5% earlier on Tuesday but is now down 0.4% as of writing.
To regain momentum, GGPI must retake $12, which has acted as resistance in January. $12.37, the high from January 3, is also significant. Above there stands $14.10, where GGPI price held or opened a number of times back in November.Information on these pages contains forward-looking statements that involve risks and uncertainties.