Blue Water Acquisition Corp. III (NASDAQ:BLUWW) Shares Up 2% – Should You Buy?

Shares of Blue Water Acquisition Corp. III (NASDAQ:BLUWW) rose 2% on Thursday . The stock traded as high as $0.5299 and last traded at $0.51. Approximately 58,995 shares were traded during mid-day trading, an increase of 750% from the average daily volume of 6,937 shares. The stock had previously closed at $0.50.

Blue Water Acquisition Corp. III Trading Up 2.0%

About Blue Water Acquisition Corp. III

Blue Water Acquisition Corp. III is a special purpose acquisition company (SPAC) organized to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company is publicly listed on the Nasdaq exchange under the symbol BLUWW. As a blank-check vehicle, it does not operate an ongoing commercial business of its own but raises capital in public markets to pursue acquisition opportunities.

Like most SPACs, Blue Water Acquisition Corp.