Key Points
- Mark Angelo, a director of Texas Ventures Acquisition III (NASDAQ: TVA), bought 187,309 shares on Feb 4 at $10.63 (~$1.99M) and 737,691 shares on Feb 5 at $10.80 (~$7.97M), totaling 925,000 shares for about $9.96M.
- Despite the large insider purchases, TVA is a SPAC with an average analyst rating of "Sell", and the stock recently opened at $10.71 with a 12‑month range of $9.98–$12.27.
Texas Ventures Acquisition III Corp (NASDAQ:TVA - Get Free Report) Director Mark Angelo bought 187,309 shares of the business's stock in a transaction dated Wednesday, February 4th. The shares were bought at an average price of $10.63 per share, with a total value of $1,991,094.67. Following the completion of the transaction, the director owned 187,309 shares in the company, valued at approximately $1,991,094.67. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Mark Angelo also recently made the following trade(s):
- On Thursday, February 5th, Mark Angelo purchased 737,691 shares of Texas Ventures Acquisition III stock. The stock was bought at an average price of $10.80 per share, for a total transaction of $7,967,062.80.
Texas Ventures Acquisition III Price Performance
TVA opened at $10.71 on Friday. Texas Ventures Acquisition III Corp has a twelve month low of $9.98 and a twelve month high of $12.27. The business's 50-day moving average price is $10.63.
Analyst Ratings Changes
Several analysts recently issued reports on TVA shares. Weiss Ratings reiterated a "sell (e+)" rating on shares of Texas Ventures Acquisition III in a research report on Monday, December 29th. Wall Street Zen cut Texas Ventures Acquisition III from a "hold" rating to a "sell" rating in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of "Sell".
View Our Latest Stock Analysis on TVA
Texas Ventures Acquisition III Company Profile
(
Get Free Report)
Texas Ventures Acquisition III (NASDAQ: TVA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank‑check company, its principal business purpose is to raise capital in the public markets and use those proceeds to identify, negotiate and consummate one or more business combinations with an operating company.
Unlike an operating company, Texas Ventures Acquisition III does not produce goods or services while it searches for a target. Its activities typically include managing the capital held in trust, conducting diligence on prospective acquisition candidates, negotiating transaction terms, and seeking shareholder and regulatory approvals required to complete a business combination.
Pending completion of a business combination, the company's prospects and ultimate strategy are driven by its management and sponsors; specific target industries, geographies and leadership details are disclosed through the company's public filings and press releases as opportunities develop.
Further Reading
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