Shares of Andretti Acquisition Corp. II (NASDAQ:POLE – Get Free Report) traded down 0.1% during trading on Friday. The company traded as low as $10.71 and last traded at $10.72. 7,169 shares changed hands during mid-day trading, an increase of 536% from the average session volume of 1,127 shares. The stock had previously closed at $10.73.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a research note on Monday, September 21st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Andretti Acquisition Corp. II currently has a consensus rating of “Sell”.
View Our Latest Report on Andretti Acquisition Corp. II
Andretti Acquisition Corp. II Trading Down 0.1%
The stock has a 50-day simple moving average of $10.77 and a two-hundred day simple moving average of $10.74.
Hedge Funds Weigh In On Andretti Acquisition Corp. II
A hedge fund recently raised its stake in Andretti Acquisition Corp. II stock. Berkley W R Corp increased its holdings in Andretti Acquisition Corp. II (NASDAQ:POLE – Free Report) by 9.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 462,495 shares of the company’s stock after acquiring an additional 40,683 shares during the quarter. Berkley W R Corp owned approximately 1.57% of Andretti Acquisition Corp. II worth $4,923,000 as of its most recent SEC filing.
About Andretti Acquisition Corp. II
Andretti Acquisition Corp. II is a special purpose acquisition company (SPAC) listed on the Nasdaq Stock Market under the symbol POLE. The company was formed to pursue a business combination with one or more operating companies through a merger, acquisition, stock purchase, or similar transaction.
As a blank-check company, Andretti Acquisition Corp. II does not have significant operating activities, products, or services of its own. Its primary activities involve raising capital through an initial public offering and evaluating potential acquisition targets.
The company has indicated an interest in opportunities connected with the automotive, transportation, mobility, and related sectors, although its ultimate target and geographic focus depend on any future business combination.
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