ITHAX Acquisition Corp III (NASDAQ:ITHA) Shares Up 0.1% – Here’s What Happened

by · The Cerbat Gem

Shares of ITHAX Acquisition Corp III (NASDAQ:ITHA – Get Free Report) rose 0.1% on Thursday . The stock traded as high as $10.05 and last traded at $10.06. 240 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 10,486 shares. The stock had previously closed at $10.05.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of ITHAX Acquisition Corp III from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Get Our Latest Report on ITHA

ITHAX Acquisition Corp III Price Performance

The company’s fifty day simple moving average is $10.01.

ITHAX Acquisition Corp III Company Profile

(Get Free Report)

ITHAX Acquisition Corp III (NASDAQ: ITHA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank‑check company, its primary purpose is to raise capital through a public offering and use the proceeds to identify, negotiate and complete a business combination with one or more operating companies. Like other SPACs, it does not conduct traditional operating activities prior to a qualifying merger.

The company’s core activities include sourcing potential target companies, conducting due diligence, structuring a merger or acquisition and securing shareholder approval for a proposed business combination.

See Also