Shares of Worldwide Webb Acquisition Corp. (NASDAQ:WWAC – Get Free Report) were down 10.6% during trading on Monday . The company traded as low as $0.3378 and last traded at $0.3780. Approximately 143,148 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 240,515 shares. The stock had previously closed at $0.4230.
Worldwide Webb Acquisition Trading Down 10.6%
The company’s fifty day moving average is $0.52 and its 200 day moving average is $0.61.
About Worldwide Webb Acquisition
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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