Ares Acquisition Co. II (NYSE:AACT – Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $10.84 and last traded at $10.84, with a volume of 104 shares trading hands. The stock had previously closed at $10.81.
Ares Acquisition Co. II Price Performance
The stock has a 50 day simple moving average of $10.75 and a two-hundred day simple moving average of $10.67.
Institutional Trading of Ares Acquisition Co. II
Large investors have recently added to or reduced their stakes in the company. Condor Capital Management bought a new stake in shares of Ares Acquisition Co. II in the 4th quarter valued at about $425,000. Virtu Financial LLC bought a new position in Ares Acquisition Co. II during the first quarter worth $1,161,000. Wolverine Asset Management LLC boosted its holdings in shares of Ares Acquisition Co. II by 150,674.7% during the 2nd quarter. Wolverine Asset Management LLC now owns 125,143 shares of the company’s stock worth $1,335,000 after buying an additional 125,060 shares during the period. Berkley W R Corp grew its stake in Ares Acquisition Co. II by 165.5% in the 1st quarter. Berkley W R Corp now owns 207,456 shares of the company’s stock valued at $2,193,000 after buying an additional 129,324 shares during the last quarter. Finally, Cohanzick Management LLC raised its holdings in Ares Acquisition Co. II by 133.4% in the 4th quarter. Cohanzick Management LLC now owns 306,200 shares of the company’s stock valued at $3,197,000 after acquiring an additional 175,000 shares during the period. Institutional investors and hedge funds own 72.95% of the company’s stock.
Ares Acquisition Co. II Company Profile
Ares Acquisition Corporation II does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Ares Acquisition Corporation II was incorporated in 2021 and is based in New York, New York.
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