MYDA Advisors LLC bought a new position in Blue Acquisition Corp/Cayman (NASDAQ:BACC – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 74,000 shares of the company’s stock, valued at approximately $756,000. MYDA Advisors LLC owned approximately 0.26% of Blue Acquisition Corp/Cayman at the end of the most recent reporting period.
Separately, HRT Financial LP bought a new position in Blue Acquisition Corp/Cayman in the 4th quarter worth about $318,000.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded shares of Blue Acquisition Corp/Cayman from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.
Blue Acquisition Corp/Cayman Stock Performance
NASDAQ BACC opened at $10.44 on Monday. The company’s 50 day simple moving average is $10.35. Blue Acquisition Corp/Cayman has a 52-week low of $9.95 and a 52-week high of $10.50.
Blue Acquisition Corp/Cayman (NASDAQ:BACC – Get Free Report) last released its quarterly earnings data on Monday, May 11th. The company reported $0.07 earnings per share (EPS) for the quarter.
About Blue Acquisition Corp/Cayman
Blue Acquisition Corp/Cayman (NASDAQ: BACC) is a special purpose acquisition company (SPAC) organized as a Cayman Islands exempted company. As a blank-check vehicle, its primary business activity is to raise capital through its public listing and use those proceeds to identify, negotiate and complete a merger, acquisition, share exchange, asset acquisition, reorganization or similar business combination with one or more operating businesses.
Like other SPACs, Blue Acquisition typically holds the funds raised in trust pending the completion of a qualifying business combination and provides public investors with the opportunity to vote on proposed transactions and to seek redemption of their shares in accordance with the company’s governing documents.
See Also
- Five stocks we like better than Blue Acquisition Corp/Cayman
- 3 ETFs Giving Ready-Made Access to the Discounted International Small-Cap Space
- What to Expect From Q2 Earnings as Tech Strength Broadens
- Viasat’s Orbiting Profits: Space Force Jackpot?
- Robinhood Wants a Bigger Role in IPOs—Here’s Why It Matters
Receive News & Ratings for Blue Acquisition Corp/Cayman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Acquisition Corp/Cayman and related companies with MarketBeat.com's FREE daily email newsletter.
