Shares of ITHAX Acquisition Corp III (NASDAQ:ITHA – Get Free Report) rose 0.1% on Thursday. The stock traded as high as $10.11 and last traded at $10.09. Approximately 24,349 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 22,992 shares. The stock had previously closed at $10.08.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ITHAX Acquisition Corp III in a research note on Monday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.
View Our Latest Analysis on ITHA
ITHAX Acquisition Corp III Stock Performance
Institutional Trading of ITHAX Acquisition Corp III
A hedge fund recently bought a new position in ITHAX Acquisition Corp III stock. BlueCrest Capital Management Ltd acquired a new stake in ITHAX Acquisition Corp III (NASDAQ:ITHA – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 650,000 shares of the company’s stock, valued at approximately $6,487,000. BlueCrest Capital Management Ltd owned 2.44% of ITHAX Acquisition Corp III at the end of the most recent reporting period.
ITHAX Acquisition Corp III Company Profile
ITHAX Acquisition Corp III is a blank check company, also known as a special purpose acquisition company (SPAC), formed to pursue a business combination with one or more operating businesses.
The company does not have significant independent operating activities, products, or services. Its primary objective is to identify a target company and complete a merger, acquisition, share exchange, or similar transaction.
Until a transaction is completed, ITHAX Acquisition Corp III’s activities are generally limited to evaluating potential targets, conducting due diligence, and managing the funds and administrative requirements associated with its corporate structure.
See Also
- Five stocks we like better than ITHAX Acquisition Corp III
- 3 AI Winners, 3 Very Different Paths to Higher Margins
- Plexus Is Booming—But Can the Growth Story Last?
- Conagra’s Turnaround Is Starting to Show Up in the Numbers
- MarketBeat Week in Review – 09/28 – 10/02
Receive News & Ratings for ITHAX Acquisition Corp III Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ITHAX Acquisition Corp III and related companies with MarketBeat.com's FREE daily email newsletter.
