Blue Water Acquisition Corp. III (NASDAQ:BLUW) Shares Up 0% – Still a Buy?

Shares of Blue Water Acquisition Corp. III (NASDAQ:BLUW) were up 0% during mid-day trading on Monday . The company traded as high as $10.33 and last traded at $10.3250. Approximately 1,099 shares were traded during trading, a decline of 93% from the average daily volume of 16,463 shares. The stock had previously closed at $10.32.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Blue Water Acquisition Corp. III from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Blue Water Acquisition Corp. III Trading Up 0.0%

The business has a fifty day moving average price of $10.30 and a 200 day moving average price of $10.31.

Blue Water Acquisition Corp. III (NASDAQ:BLUW) last posted its quarterly earnings data on Tuesday, April 14th. The company reported ($0.03) earnings per share for the quarter.

Institutional Trading of Blue Water Acquisition Corp. III

Hedge funds have recently bought and sold shares of the stock. Lineage Point Capital LP acquired a new stake in Blue Water Acquisition Corp. III in the 4th quarter worth $1,130,000. Rivernorth Capital Management LLC raised its position in shares of Blue Water Acquisition Corp. III by 15.0% during the fourth quarter. Rivernorth Capital Management LLC now owns 451,223 shares of the company’s stock valued at $4,657,000 after buying an additional 59,020 shares during the last quarter. J. Goldman & Co LP acquired a new position in shares of Blue Water Acquisition Corp. III during the fourth quarter valued at about $3,764,000. Meteora Capital LLC bought a new stake in shares of Blue Water Acquisition Corp. III in the fourth quarter valued at about $2,620,000. Finally, PenderFund Capital Management Ltd. bought a new stake in shares of Blue Water Acquisition Corp. III in the fourth quarter valued at about $232,000.

About Blue Water Acquisition Corp. III

Blue Water Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Greenwich, Connecticut.