Texas Ventures Acquisition III (NASDAQ:TVACU) Stock Price Down 4.1% – Here’s Why

Texas Ventures Acquisition III Corp (NASDAQ:TVACU)’s stock price fell 4.1% during mid-day trading on Tuesday . The stock traded as low as $10.64 and last traded at $10.64. 100 shares were traded during mid-day trading, a decline of 76% from the average session volume of 420 shares. The stock had previously closed at $11.09.

Texas Ventures Acquisition III Trading Down 4.1%

The stock has a 50-day simple moving average of $11.06 and a two-hundred day simple moving average of $11.01.

Institutional Trading of Texas Ventures Acquisition III

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new position in Texas Ventures Acquisition III during the 2nd quarter worth about $257,000. Clear Street LLC purchased a new stake in shares of Texas Ventures Acquisition III in the 2nd quarter worth approximately $297,000. Clear Street Group Inc. purchased a new stake in shares of Texas Ventures Acquisition III in the 3rd quarter worth approximately $485,000. Boothbay Fund Management LLC bought a new position in shares of Texas Ventures Acquisition III during the second quarter valued at approximately $666,000. Finally, LMR Partners LLP purchased a new position in Texas Ventures Acquisition III during the second quarter valued at approximately $9,189,000.

Texas Ventures Acquisition III Company Profile

We are a newly incorporated Cayman Islands exempted company structured as a blank check company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. To date, our efforts have been limited to organizational activities and activities related to this offering. We have not selected any potential business combination target, and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any potential target regarding entering into a business combination with us.