Worldwide Webb Acquisition (NASDAQ:WWAC) Shares Up 31.7% – Time to Buy?

Worldwide Webb Acquisition Corp. (NASDAQ:WWACGet Free Report)’s share price shot up 31.7% during mid-day trading on Friday . The company traded as high as $0.74 and last traded at $0.66. 4,982,092 shares traded hands during trading, an increase of 1,971% from the average session volume of 240,515 shares. The stock had previously closed at $0.5013.

Worldwide Webb Acquisition Trading Up 31.7%

The stock’s 50-day simple moving average is $0.64 and its 200-day simple moving average is $0.53.

About Worldwide Webb Acquisition

(Get Free Report)

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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