Blue Water Acquisition Corp. III (NASDAQ:BLUW) Shares Up 0% – Should You Buy?

Blue Water Acquisition Corp. III (NASDAQ:BLUWGet Free Report) shares were up 0% during mid-day trading on Friday . The company traded as high as $10.27 and last traded at $10.2650. Approximately 1,021 shares changed hands during trading, a decline of 98% from the average daily volume of 41,801 shares. The stock had previously closed at $10.26.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Blue Water Acquisition Corp. III in a research note on Monday, December 29th. Wall Street Zen raised shares of Blue Water Acquisition Corp. III to a “hold” rating in a research note on Saturday, February 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Read Our Latest Analysis on BLUW

Blue Water Acquisition Corp. III Price Performance

The stock’s 50-day moving average is $10.32 and its 200 day moving average is $10.21.

Institutional Investors Weigh In On Blue Water Acquisition Corp. III

A number of hedge funds have recently modified their holdings of BLUW. Ghisallo Capital Management LLC bought a new position in Blue Water Acquisition Corp. III in the third quarter valued at approximately $1,994,000. Mangrove Partners IM LLC bought a new stake in shares of Blue Water Acquisition Corp. III during the third quarter worth $1,479,000. Radcliffe Capital Management L.P. acquired a new stake in shares of Blue Water Acquisition Corp. III during the third quarter worth $4,740,000. Magnetar Financial LLC bought a new stake in Blue Water Acquisition Corp. III in the 3rd quarter valued at $14,978,000. Finally, Crossingbridge Advisors LLC bought a new stake in Blue Water Acquisition Corp. III in the 3rd quarter valued at $979,000.

About Blue Water Acquisition Corp. III

(Get Free Report)

Blue Water Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Greenwich, Connecticut.

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