Can Foley Trasimene Acquisition Corp. (NYSE:WPF) Offer Investors Safety?

Foley Trasimene Acquisition Corp. (NYSE:WPF) Relative Strength Index (RSI) is 47.39, with weekly volatility at 0.59% and ATR at 0.10. The WPF stock’s 52-week price range has touched low of $9.74 and a $14.51 high. Intraday shares traded counted 1.88 million, which was 9.47% higher than its 30-day average trading volume of 2.08M. Its shares traded higher over the last trading session, gaining 0.10% on 04/30/21. The shares fell to a low of $10.02 before closing at $10.05. WPF’s previous close was $10.04 while the outstanding shares total 129.38M.

Investors have identified the Shell Companies company Foley Trasimene Acquisition Corp. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.30 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

Is the stock of WPF attractive?

In related news, 10% Owner, MFN Partners, LP sold 4,100,000 shares of the company’s stock in a transaction that recorded on Feb 17. The sale was performed at an average price of 11.00, for a total value of 45,101,230. As the sale deal closes, the 10% Owner, MFN Partners, LP now bought 207,308 shares of the company’s stock, valued at 2,137,345. Also, 10% Owner, MFN Partners, LP bought 250,000 shares of the company’s stock in a deal that was recorded on Aug 11. The shares were price at an average price of 10.30 per share, with a total market value of 2,575,000. Following this completion of acquisition, the 10% Owner, MFN Partners, LP now holds 500,000 shares of the company’s stock, valued at 5,125,000.

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