LightWave Acquisition (NASDAQ:LWAC) Stock Price Up 0% – Time to Buy?

LightWave Acquisition Corp. (NASDAQ:LWAC)’s stock price shot up 0% during trading on Tuesday . The company traded as high as $10.32 and last traded at $10.3250. 181 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 19,106 shares. The stock had previously closed at $10.32.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of LightWave Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

LightWave Acquisition Trading Up 0.1%

The company has a 50 day moving average price of $10.29 and a 200 day moving average price of $10.22.

Hedge Funds Weigh In On LightWave Acquisition

A number of large investors have recently bought and sold shares of the company. Sona Asset Management US LLC acquired a new position in LightWave Acquisition during the first quarter worth $2,031,000. Polar Asset Management Partners Inc. purchased a new position in LightWave Acquisition in the first quarter worth $3,646,000. Periscope Capital Inc. acquired a new stake in LightWave Acquisition in the fourth quarter valued at $4,562,000. MMCAP International Inc. SPC acquired a new stake in LightWave Acquisition in the fourth quarter valued at $2,508,000. Finally, Magnetar Financial LLC purchased a new stake in shares of LightWave Acquisition during the 4th quarter worth $10,279,000.

About LightWave Acquisition

Locust Walk Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Boston, Massachusetts.