Blue Acquisition Corp/Cayman (NASDAQ:BACCU) Shares Down 0.5% – Time to Sell?

Blue Acquisition Corp/Cayman (NASDAQ:BACCU)’s share price was down 0.5% on Thursday . The stock traded as low as $10.45 and last traded at $10.45. Approximately 400 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 7,808 shares. The stock had previously closed at $10.50.

Blue Acquisition Corp/Cayman Price Performance

Institutional Trading of Blue Acquisition Corp/Cayman

An institutional investor recently raised its position in Blue Acquisition Corp/Cayman stock. Toronto Dominion Bank lifted its holdings in shares of Blue Acquisition Corp/Cayman (NASDAQ:BACCU) by 85.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 277,773 shares of the company’s stock after purchasing an additional 127,773 shares during the period. Toronto Dominion Bank’s holdings in Blue Acquisition Corp/Cayman were worth $2,922,000 as of its most recent SEC filing.

Blue Acquisition Corp/Cayman Company Profile

Blue Acquisition Corp/Cayman (NASDAQ: BACCU) is a special purpose acquisition company (SPAC) formed as an exempted company under the laws of the Cayman Islands and listed on the NASDAQ Stock Market. The company has issued units under the BACCU ticker and, like other SPACs, was created to raise capital through an initial public offering for the purpose of effecting a business combination.

As a blank‑check acquisition vehicle, Blue Acquisition Corp does not operate commercial businesses or sell products or services.