Blue Water Acquisition Corp. III (NASDAQ:BLUWU) Trading 9.3% Higher – Time to Buy?

Blue Water Acquisition Corp. III (NASDAQ:BLUWU) traded up 9.3% during mid-day trading on Friday . The company traded as high as $12.85 and last traded at $11.48. 9,406 shares changed hands during trading, an increase of 594% from the average session volume of 1,356 shares. The stock had previously closed at $10.50.

Blue Water Acquisition Corp. III Stock Performance

The business has a 50-day moving average price of $10.46 and a 200 day moving average price of $10.53.

Institutional Investors Weigh In On Blue Water Acquisition Corp. III

Institutional investors and hedge funds have recently modified their holdings of the stock. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Blue Water Acquisition Corp. III during the 3rd quarter valued at $100,000. Susquehanna International Group LLP acquired a new stake in shares of Blue Water Acquisition Corp. III during the 3rd quarter valued at $158,000. Jane Street Group LLC acquired a new stake in shares of Blue Water Acquisition Corp. III during the 2nd quarter valued at $197,000. Clear Street Group Inc. acquired a new stake in shares of Blue Water Acquisition Corp. III during the 3rd quarter valued at $1,037,000. Finally, Anson Funds Management LP acquired a new stake in shares of Blue Water Acquisition Corp. III during the 4th quarter valued at $1,055,000.

About Blue Water Acquisition Corp. III

Blue Water Acquisition Corp. III is a special purpose acquisition company (SPAC) incorporated in Delaware in March 2021 and listed on the Nasdaq under the ticker symbol BLUWU. As a blank‐check company, its primary objective is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.

The company is sponsored by affiliates of Blue Water Acquisition Holdings III LLC and seeks to leverage its management team’s experience to target opportunities in sectors such as financial technology, consumer products and services, and business services.