Blue Water Acquisition Corp. III (NASDAQ:BLUW) Stock Jumps 0.1% – Here’s What Happened

Shares of Blue Water Acquisition Corp. III (NASDAQ:BLUW) traded up 0.1% during trading on Monday. The stock traded as high as $10.39 and last traded at $10.3930. Approximately 5,133 shares were traded during mid-day trading, a decline of 62% from the average session volume of 13,441 shares. The stock had previously closed at $10.38.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Blue Water Acquisition Corp. III from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Blue Water Acquisition Corp. III Stock Performance

The stock has a 50 day simple moving average of $10.37 and a 200 day simple moving average of $10.32.

Blue Water Acquisition Corp. III (NASDAQ:BLUW) last released its earnings results on Wednesday, August 12th. The company reported $0.08 earnings per share for the quarter.

Institutional Investors Weigh In On Blue Water Acquisition Corp. III

A number of large investors have recently bought and sold shares of the company. Mangrove Partners IM LLC boosted its stake in Blue Water Acquisition Corp. III by 27.6% in the fourth quarter. Mangrove Partners IM LLC now owns 189,260 shares of the company’s stock valued at $1,953,000 after buying an additional 40,935 shares in the last quarter. L1 Global Manager Pty Ltd bought a new position in shares of Blue Water Acquisition Corp. III in the fourth quarter worth about $1,032,000. Lineage Point Capital LP bought a new position in shares of Blue Water Acquisition Corp. III in the fourth quarter worth about $1,130,000. Finally, MYDA Advisors LLC acquired a new stake in shares of Blue Water Acquisition Corp. III in the 4th quarter valued at approximately $3,096,000.

About Blue Water Acquisition Corp. III

Blue Water Acquisition Corp. III is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. Potential transactions may include a merger, stock purchase, asset acquisition, reorganization or similar corporate combination.

As a blank-check company, Blue Water Acquisition Corp. III does not operate a conventional business and does not currently offer products or services of its own. Its activities are focused primarily on evaluating prospective acquisition targets and pursuing a transaction that would result in a combined operating company.

The company has not publicly established a specific industry focus or geographic market in the information available.