ITHAX Acquisition Corp III (NASDAQ:ITHA – Get Free Report)’s stock price fell 0.1% during trading on Friday . The stock traded as low as $10.00 and last traded at $9.9950. 124 shares were traded during mid-day trading, a decline of 97% from the average session volume of 3,579 shares. The stock had previously closed at $10.00.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised ITHAX Acquisition Corp III from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.
Get Our Latest Analysis on ITHAX Acquisition Corp III
ITHAX Acquisition Corp III Price Performance
About ITHAX Acquisition Corp III
ITHAX Acquisition Corp III (NASDAQ: ITHA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank‑check company, its primary purpose is to raise capital through a public offering and use the proceeds to identify, negotiate and complete a business combination with one or more operating companies. Like other SPACs, it does not conduct traditional operating activities prior to a qualifying merger.
The company’s core activities include sourcing potential target companies, conducting due diligence, structuring a merger or acquisition and securing shareholder approval for a proposed business combination.
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