Stocks that are gaining momentum are often followed quite closely by investors and if you are looking for such stocks you could consider tracking the Fusion Acquisition Corp (NYSE: FUSE) stock.
Fusion is a SPAC or a special purpose acquisition company and its stock is gaining momentum following a significant development earlier on in the week. On February 15 it emerged that the company entered into a definitive agreement with the well-known digital finance platform MoneyLion.
By way of the above-mentioned agreement, Fusion is going to help in taking MoneyLion public. Over the past months, SPACs have come into sharp focus among investors for having taken numerous companies public and hence, the latest momentum in the Fusion stock is not a surprise. MoneyLion is involved in providing Americans with a platform that allows them to take care of their finances easily and hit their financial goals. Investors could consider keeping an eye on the developments regarding Fusion over the coming days.