Worldwide Webb Acquisition (NASDAQ:WWAC) Trading Down 1.9% – Should You Sell?

Worldwide Webb Acquisition Corp. (NASDAQ:WWAC)’s stock price fell 1.9% on Friday . The stock traded as low as $0.4955 and last traded at $0.53. 105,341 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 240,515 shares. The stock had previously closed at $0.54.

Worldwide Webb Acquisition Trading Down 2.8%

The firm’s 50-day moving average is $0.55 and its 200-day moving average is $0.67.

About Worldwide Webb Acquisition

Worldwide Webb Acquisition Corp. (NASDAQ: WWAC) is a Delaware­-incorporated special purpose acquisition company, or SPAC, formed to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company completed its initial public offering on the Nasdaq exchange, trading under the ticker symbol “WWAC,” and holds its proceeds in trust pending identification of a suitable target.

Worldwide Webb Acquisition has a broad acquisition mandate, enabling it to pursue opportunities across a range of sectors such as technology, industrials, consumer products, healthcare and financial services.