Blue Acquisition Corp/Cayman (NASDAQ:BACC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Blue Acquisition Corp/Cayman (NASDAQ:BACC) to a hold rating in a report released on Saturday morning.

Other equities analysts also recently issued reports about the stock. Odeon Capital Group raised shares of Blue Acquisition Corp/Cayman to a “strong-buy” rating in a research note on Wednesday, July 8th. Weiss Ratings raised Blue Acquisition Corp/Cayman from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Blue Acquisition Corp/Cayman presently has an average rating of “Moderate Buy”.

Blue Acquisition Corp/Cayman Trading Up 0.4%

Shares of NASDAQ BACC opened at $10.50 on Friday. Blue Acquisition Corp/Cayman has a 52 week low of $9.95 and a 52 week high of $11.10. The business has a fifty day moving average price of $10.54.

Blue Acquisition Corp/Cayman (NASDAQ:BACC) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.07 earnings per share for the quarter.

Institutional Trading of Blue Acquisition Corp/Cayman

Several large investors have recently added to or reduced their stakes in the stock. Meteora Capital LLC purchased a new position in Blue Acquisition Corp/Cayman during the 4th quarter valued at $136,000. Stoic Point Capital Management LLC purchased a new stake in shares of Blue Acquisition Corp/Cayman in the 4th quarter worth about $255,000. HRT Financial LP purchased a new stake in shares of Blue Acquisition Corp/Cayman in the 4th quarter worth about $318,000. Heights Capital Management Inc. bought a new stake in shares of Blue Acquisition Corp/Cayman during the 4th quarter valued at about $342,000. Finally, Boothbay Fund Management LLC bought a new stake in shares of Blue Acquisition Corp/Cayman during the 4th quarter valued at about $464,000.

About Blue Acquisition Corp/Cayman

Blue Acquisition Corp/Cayman (NASDAQ: BACC) is a special purpose acquisition company (SPAC) organized as a Cayman Islands exempted company. As a blank-check vehicle, its primary business activity is to raise capital through its public listing and use those proceeds to identify, negotiate and complete a merger, acquisition, share exchange, asset acquisition, reorganization or similar business combination with one or more operating businesses.

Like other SPACs, Blue Acquisition typically holds the funds raised in trust pending the completion of a qualifying business combination and provides public investors with the opportunity to vote on proposed transactions and to seek redemption of their shares in accordance with the company’s governing documents.