Shares of Blue Water Acquisition Corp. III (NASDAQ:BLUWU – Get Free Report) rose 0.6% during trading on Friday. The stock traded as high as $10.50 and last traded at $10.5650. 364 shares changed hands during trading, a decline of 80% from the average daily volume of 1,777 shares. The stock had previously closed at $10.50.
Blue Water Acquisition Corp. III Stock Up 0.6%
The company has a fifty day moving average of $10.58 and a two-hundred day moving average of $10.55.
Institutional Investors Weigh In On Blue Water Acquisition Corp. III
Institutional investors have recently made changes to their positions in the company. Lineage Point Capital LP purchased a new stake in shares of Blue Water Acquisition Corp. III during the second quarter valued at $1,250,000. Clear Street Group Inc. increased its stake in Blue Water Acquisition Corp. III by 151.3% in the 4th quarter. Clear Street Group Inc. now owns 259,755 shares of the company’s stock worth $2,740,000 after purchasing an additional 156,372 shares in the last quarter. Finally, Harraden Circle Investments LLC acquired a new stake in Blue Water Acquisition Corp. III during the 2nd quarter worth about $22,959,000.
Blue Water Acquisition Corp. III Company Profile
Blue Water Acquisition Corp. III is a special purpose acquisition company (SPAC) that was formed to identify and complete a business combination with one or more operating companies. Its potential transactions may include a merger, stock purchase, asset acquisition, reorganization or similar combination.
As a blank-check company, Blue Water Acquisition Corp. III does not operate a traditional business and does not currently offer products or services to customers. Its activities are focused on raising capital, evaluating potential acquisition targets and pursuing a transaction intended to establish an operating business as a publicly traded company.
Publicly available information about the company’s target industry, geographic focus and leadership is limited.
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