LightWave Acquisition Corp. $LWAC Shares Newly Purchased by Context Capital Management LLC

Context Capital Management LLC bought a new position in shares of LightWave Acquisition Corp. (NASDAQ:LWAC) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 100,000 shares of the company’s stock, valued at approximately $1,038,000.

Separately, Polar Asset Management Partners Inc. bought a new stake in shares of LightWave Acquisition in the 1st quarter valued at approximately $3,646,000.

LightWave Acquisition Price Performance

Shares of NASDAQ:LWAC opened at $10.38 on Wednesday. LightWave Acquisition Corp. has a 1-year low of $10.02 and a 1-year high of $10.40. The company’s fifty day moving average is $10.37 and its two-hundred day moving average is $10.24.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised LightWave Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, LightWave Acquisition presently has a consensus rating of “Sell”.

LightWave Acquisition Company Profile

LightWave Acquisition Corporation is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol LWAC. Unlike an operating company, it was formed to raise capital through a public offering and identify a private business with which to complete a merger, acquisition, or similar business combination. The company does not appear to manufacture products or provide ongoing commercial services of its own. Its principal activities are evaluating potential acquisition targets, negotiating a business combination, and completing related regulatory and shareholder-approval processes.