Worldwide Webb Acquisition (NASDAQ:WWAC) Trading 4.3% Higher

Worldwide Webb Acquisition Corp. (NASDAQ:WWAC) shot up 4.3% during trading on Wednesday . The stock 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 Stock Down 3.7 %

The firm’s fifty day moving average is $2.39 and its 200 day moving average is $3.81.

Institutional Investors Weigh In On Worldwide Webb Acquisition

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Saba Capital Management L.P. purchased a new stake in Worldwide Webb Acquisition in the 1st quarter worth $206,000. Bank of Montreal Can acquired a new stake in Worldwide Webb Acquisition during the 2nd quarter worth $298,000. HGC Investment Management Inc. acquired a new stake in Worldwide Webb Acquisition during the 1st quarter worth $363,000. Centiva Capital LP boosted its stake in Worldwide Webb Acquisition by 2.3% during the 2nd quarter. Centiva Capital LP now owns 52,378 shares of the company’s stock worth $522,000 after purchasing an additional 1,165 shares during the last quarter. Finally, Prelude Capital Management LLC acquired a new stake in Worldwide Webb Acquisition during the 1st quarter worth $591,000. Hedge funds and other institutional investors own 49.06% of the company’s stock.

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.