Worldwide Webb Acquisition Corp. (NASDAQ:WWAC – Get Free Report) shares dropped 1.9% during trading on Friday . The company traded as low as $0.4955 and last traded at $0.53. Approximately 105,341 shares changed hands during trading, a decline of 56% from the average daily volume of 240,515 shares. The stock had previously closed at $0.54.
Worldwide Webb Acquisition Stock Down 1.9%
The firm’s 50 day moving average is $0.55 and its two-hundred day moving average is $0.67.
Worldwide Webb Acquisition Company Profile
Worldwide Webb Acquisition Corp. (NASDAQ: WWAC) is a Delaware-incorporated special purpose acquisition company, or SPAC, formed to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company completed its initial public offering on the Nasdaq exchange, trading under the ticker symbol “WWAC,” and holds its proceeds in trust pending identification of a suitable target.
Worldwide Webb Acquisition has a broad acquisition mandate, enabling it to pursue opportunities across a range of sectors such as technology, industrials, consumer products, healthcare and financial services.
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