Blue Water Acquisition (OTCMKTS:BLUWU) Shares Down 1.2% – Here’s What Happened

Blue Water Acquisition Corp. (OTCMKTS:BLUWU)’s share price traded down 1.2% on Tuesday . The company traded as low as $10.67 and last traded at $10.67. 2,800 shares were traded during trading, a decline of 8% from the average session volume of 3,033 shares. The stock had previously closed at $10.80.

Blue Water Acquisition Stock Down 1.2%

The company’s fifty day simple moving average is $10.47 and its 200 day simple moving average is $10.20.

Blue Water Acquisition Company Profile

Blue Water Acquisition Corp is a special purpose acquisition company that trades its units on the OTC Markets under the symbol BLUWU. Incorporated in Delaware, the company was formed to raise capital through an initial public offering and to use those proceeds to complete a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination.

The company’s primary objective is to identify and execute a business combination with one or more businesses operating across diverse industries and geographies.