Worldwide Webb Acquisition (NASDAQ:WWAC) Shares Down 10.6% – Here’s Why

Worldwide Webb Acquisition Corp. (NASDAQ:WWACGet Free Report) shares were down 10.6% during mid-day trading on Monday . The stock traded as low as $0.3378 and last traded at $0.3780. Approximately 143,148 shares were traded during 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 Price Performance

The stock has a 50 day simple moving average of $0.52 and a two-hundred day simple moving average of $0.61.

About Worldwide Webb Acquisition

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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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