Blue Water Acquisition Corp. III (NASDAQ:BLUWU) Trading 9.3% Higher – Should You Buy?

Blue Water Acquisition Corp. III (NASDAQ:BLUWU) shares were up 9.3% during trading on Friday . The company traded as high as $12.85 and last traded at $11.48. Approximately 9,406 shares changed hands during mid-day trading, an increase of 594% from the average daily volume of 1,356 shares. The stock had previously closed at $10.50.

Blue Water Acquisition Corp. III Price Performance

The business has a fifty day moving average of $10.46 and a 200 day moving average of $10.53.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Anson Funds Management LP acquired a new position in Blue Water Acquisition Corp. III during the fourth quarter worth $1,055,000. Clear Street Group Inc. lifted its stake in Blue Water Acquisition Corp. III by 151.3% during the fourth quarter. Clear Street Group Inc. now owns 259,755 shares of the company’s stock worth $2,740,000 after purchasing an additional 156,372 shares in the last quarter. Susquehanna International Group LLP acquired a new position in Blue Water Acquisition Corp. III during the third quarter worth $158,000. Schonfeld Strategic Advisors LLC acquired a new position in Blue Water Acquisition Corp. III during the third quarter worth $100,000. Finally, Radcliffe Capital Management L.P. acquired a new position in Blue Water Acquisition Corp. III during the second quarter worth $5,005,000.

Blue Water Acquisition Corp. III Company Profile

Blue Water Acquisition Corp. III is a special purpose acquisition company (SPAC) incorporated in Delaware in March 2021 and listed on the Nasdaq under the ticker symbol BLUWU. As a blank‐check company, its primary objective is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.

The company is sponsored by affiliates of Blue Water Acquisition Holdings III LLC and seeks to leverage its management team’s experience to target opportunities in sectors such as financial technology, consumer products and services, and business services.