Blue Water Acquisition Corp. III (NASDAQ:BLUW) Trading Up 0% – Here’s What Happened

Blue Water Acquisition Corp. III (NASDAQ:BLUW) shot up 0% during trading on Monday . The stock traded as high as $10.33 and last traded at $10.3250. 1,099 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 16,463 shares. The stock had previously closed at $10.32.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Blue Water Acquisition Corp. III from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Blue Water Acquisition Corp. III presently has an average rating of “Sell”.

Blue Water Acquisition Corp. III Stock Up 0.0%

The stock’s fifty day moving average is $10.30 and its 200-day moving average is $10.31.

Blue Water Acquisition Corp. III (NASDAQ:BLUW) last posted its earnings results on Tuesday, April 14th. The company reported ($0.03) EPS for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BLUW. MYDA Advisors LLC acquired a new position in Blue Water Acquisition Corp. III during the fourth quarter valued at approximately $3,096,000. L1 Global Manager Pty Ltd acquired a new stake in shares of Blue Water Acquisition Corp. III in the fourth quarter worth $1,032,000. Lineage Point Capital LP bought a new stake in shares of Blue Water Acquisition Corp. III during the 4th quarter worth $1,130,000. Cantor Fitzgerald L. P. bought a new stake in shares of Blue Water Acquisition Corp. III during the 4th quarter worth $670,000. Finally, Geode Capital Management LLC grew its stake in Blue Water Acquisition Corp. III by 193.0% in the 4th quarter. Geode Capital Management LLC now owns 61,427 shares of the company’s stock valued at $634,000 after buying an additional 40,463 shares during the last quarter.

Blue Water Acquisition Corp. III Company Profile

Blue Water Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Greenwich, Connecticut.