Blue Water Acquisition Corp. III (NASDAQ:BLUWW – Get Free Report) shares shot up 11.9% during mid-day trading on Friday . The company traded as high as $0.4699 and last traded at $0.4699. Approximately 519 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 9,979 shares. The stock had previously closed at $0.42.
Blue Water Acquisition Corp. III Price Performance
The firm has a 50-day moving average of $0.42.
About Blue Water Acquisition Corp. III
Blue Water Acquisition Corp. III is a special purpose acquisition company (SPAC) organized to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company is publicly listed on the Nasdaq exchange under the symbol BLUWW. As a blank-check vehicle, it does not operate an ongoing commercial business of its own but raises capital in public markets to pursue acquisition opportunities.
Like most SPACs, Blue Water Acquisition Corp.
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