LightWave Acquisition (NASDAQ:LWAC) Shares Down 0.2% – Here’s What Happened

Posted by Linda Flegge on Jul 15th, 2026

LightWave Acquisition Corp. (NASDAQ:LWAC – Get Free Report) shares dropped 0.2% on Tuesday . The stock traded as low as $10.23 and last traded at $10.23. Approximately 18 shares changed hands during trading, a decline of 100% from the average daily volume of 7,582 shares. The stock had previously closed at $10.25.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of LightWave Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, LightWave Acquisition currently has an average rating of “Sell”.

Read Our Latest Analysis on LWAC

LightWave Acquisition Stock Performance

The company has a 50-day moving average of $10.22 and a 200 day moving average of $10.15.

LightWave Acquisition (NASDAQ:LWAC – Get Free Report) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.06 earnings per share for the quarter.

Institutional Investors Weigh In On LightWave Acquisition

Hedge funds have recently modified their holdings of the business. Gabelli Funds LLC purchased a new position in shares of LightWave Acquisition in the third quarter worth about $444,000. Two Sigma Investments LP purchased a new stake in LightWave Acquisition during the 3rd quarter valued at about $6,763,000. Virtu Financial LLC acquired a new stake in LightWave Acquisition in the 3rd quarter valued at about $3,108,000. AQR Arbitrage LLC acquired a new stake in LightWave Acquisition in the 3rd quarter valued at about $13,958,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new position in LightWave Acquisition in the 3rd quarter worth approximately $9,950,000.

LightWave Acquisition Company Profile

(Get Free Report)

Locust Walk Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Boston, Massachusetts.