Logistic Properties of The Americas Rebounds 125%+ Intraday as Wild Post-SPAC Ride Continues

LPA rallied as much as 127.6% to a $72.01 intraday high before pulling back some to trade at $45.55 shortly before 3:45p.m. ET, ahead 44% for the day.

Logistic Properties of The Americas – which operates warehouse in Costa Rica, Colombia and Peru – has seen massive swings since going public last Thursday via a merger with a special purpose acquisition company (SPAC).

LPA soared 1,490% over its first two trading sessions, peaking at $525 intraday last Friday.

However, shares then reversed gears on Wednesday and plunged 94.5% to a $28.81 intraday low amid some 20 brief trading halts to comply with the New York Stock Exchange's limit-up/limit-down rule.

The stock then changed direction once again on Thursday and climbed back sharply despite another half-dozen trading halts.

All of the swings took place even though the company has had no apparent news other than announcing last week that it would ring the NYSE's opening bell to begin last Thursday's session.