Worldwide Webb Acquisition Corp. (NASDAQ:WWAC – Get Free Report)’s share price shot up 4.3% during mid-day trading on Wednesday . The company traded as high as $2.20 and last traded at $2.20. 39,238 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 240,515 shares. The stock had previously closed at $2.11.
Worldwide Webb Acquisition Price Performance
The business’s 50-day moving average price is $2.39 and its 200-day moving average price is $3.82.
Institutional Trading of Worldwide Webb Acquisition
Several institutional investors and hedge funds have recently bought and sold shares of WWAC. Glazer Capital LLC lifted its stake in Worldwide Webb Acquisition by 161.3% during the 1st quarter. Glazer Capital LLC now owns 1,131,732 shares of the company’s stock valued at $11,713,000 after acquiring an additional 698,598 shares during the period. Sandia Investment Management LP purchased a new stake in shares of Worldwide Webb Acquisition during the first quarter worth $4,140,000. Verition Fund Management LLC purchased a new stake in shares of Worldwide Webb Acquisition during the first quarter worth $3,925,000. Berkley W R Corp purchased a new stake in shares of Worldwide Webb Acquisition during the first quarter worth $2,599,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Worldwide Webb Acquisition during the first quarter worth $2,158,000. 49.06% of the stock is currently owned by institutional investors and hedge funds.
Worldwide Webb Acquisition Company Profile
Worldwide Webb Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to identify business opportunities in the field of direct-to-consumer brands, amazon-centric, online marketplace, food tech, new media, digital health, software-as-a-service, fintech, and others.
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