Blue Water Acquisition Corp. III (NASDAQ:BLUWW – Get Free Report) shares were down 16% during mid-day trading on Thursday . The stock traded as low as $0.40 and last traded at $0.3360. Approximately 2,918 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 7,647 shares. The stock had previously closed at $0.40.
Blue Water Acquisition Corp. III Price Performance
The business’s 50 day simple moving average is $0.43.
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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