Artius II Acquisition (NASDAQ:AACB) Shares Up 4.1% – Here’s Why

Artius II Acquisition Inc. (NASDAQ:AACB)’s share price shot up 4.1% during mid-day trading on Tuesday . The stock traded as high as $10.44 and last traded at $10.8640. 865 shares were traded during mid-day trading, a decline of 97% from the average session volume of 27,066 shares. The stock had previously closed at $10.44.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Artius II Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Artius II Acquisition Stock Performance

The business’s 50 day simple moving average is $10.38 and its two-hundred day simple moving average is $10.34.

Artius II Acquisition (NASDAQ:AACB) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter.

Institutional Trading of Artius II Acquisition

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Sculptor Capital LP bought a new stake in Artius II Acquisition during the 2nd quarter valued at about $14,168,000. Radcliffe Capital Management L.P. grew its stake in shares of Artius II Acquisition by 2.6% in the fourth quarter. Radcliffe Capital Management L.P. now owns 667,119 shares of the company’s stock worth $6,871,000 after acquiring an additional 17,119 shares during the period. Hudson Bay Capital Management LP bought a new stake in shares of Artius II Acquisition in the fourth quarter worth approximately $5,665,000. Moore Capital Management LP bought a new stake in shares of Artius II Acquisition in the second quarter worth approximately $5,060,000. Finally, Mangrove Partners IM LLC bought a new stake in shares of Artius II Acquisition in the third quarter worth approximately $4,581,000.

About Artius II Acquisition

Artius II Acquisition Corp. (NASDAQ: AACB) is a blank‐check company formed in June 2020 by Artius Capital Partners. The firm’s sole purpose is to identify and complete a business combination through mergers, capital stock exchanges, asset acquisitions or similar transactions. It completed its initial public offering on the Nasdaq and its units, common shares and warrants trade under the AACB symbol.

The company is sponsored by Artius Capital Partners, a private equity and corporate finance firm based in New York with additional offices in London.