Willow Lane Acquisition (NASDAQ:WLACU) Trading Up 1.4% – Still a Buy?

Willow Lane Acquisition Corp. (NASDAQ:WLACUGet Free Report) was up 1.4% on Wednesday . The stock traded as high as $15.50 and last traded at $15.00. Approximately 2,976 shares traded hands during trading, a decline of 63% from the average daily volume of 8,085 shares. The stock had previously closed at $14.80.

Willow Lane Acquisition Stock Up 1.4%

The company has a 50 day moving average price of $13.34 and a 200-day moving average price of $12.06.

Willow Lane Acquisition Company Profile

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Willow Lane Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses. The company completed its initial public offering in 2021, raising capital through the issuance of units that trade on the Nasdaq under the ticker WLACU.

As a blank check company, Willow Lane Acquisition holds the proceeds of its IPO in a trust account while it seeks out potential targets.

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