Blue Water Acquisition Corp. III (NASDAQ:BLUWU) Trading at $10.50

Blue Water Acquisition Corp. III (NASDAQ:BLUWU)’s stock price was up 0% during mid-day trading on Monday. The company traded as high as $10.7450 and last traded at $10.5010. Approximately 258 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 1,777 shares. The stock had previously closed at $10.50.

Blue Water Acquisition Corp. III Stock Performance

The company has a 50 day moving average price of $10.59 and a 200 day moving average price of $10.57.

Hedge Funds Weigh In On Blue Water Acquisition Corp. III

A hedge fund recently bought a new position in Blue Water Acquisition Corp. III stock. Lineage Point Capital LP bought a new position in shares of Blue Water Acquisition Corp. III (NASDAQ:BLUWU) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 119,318 shares of the company’s stock, valued at approximately $1,250,000.

About Blue Water Acquisition Corp. III

Blue Water Acquisition Corp. III is a blank check company, also known as a special purpose acquisition company (SPAC), incorporated to pursue a business combination with one or more operating businesses.

The company does not currently operate a commercial business or offer products and services of its own. Its intended transaction could take the form of a merger, share exchange, asset acquisition, share purchase, reorganization, or similar combination with a target company.

Blue Water Acquisition Corp.