Worldwide Webb Acquisition (NASDAQ:WWAC) Trading Up 4% – Time to Buy?

Worldwide Webb Acquisition Corp. (NASDAQ:WWAC) was up 4% during mid-day trading on Thursday . The stock traded as high as $0.6437 and last traded at $0.6031. Approximately 325,642 shares traded hands during trading, an increase of 35% from the average daily volume of 240,515 shares. The stock had previously closed at $0.5801.

Worldwide Webb Acquisition Stock Performance

The firm’s 50-day simple moving average is $0.42 and its 200-day simple moving average is $0.51.

About Worldwide Webb Acquisition

Worldwide Webb Acquisition Corp. (NASDAQ: WWAC) is a Delaware­-incorporated special purpose acquisition company, or SPAC, formed to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company completed its initial public offering on the Nasdaq exchange, trading under the ticker symbol “WWAC,” and holds its proceeds in trust pending identification of a suitable target.

Worldwide Webb Acquisition has a broad acquisition mandate, enabling it to pursue opportunities across a range of sectors such as technology, industrials, consumer products, healthcare and financial services.