Ares Acquisition Co. II (NYSE:AACT – Get Free Report)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $10.84 and last traded at $10.83, with a volume of 2398 shares changing hands. The stock had previously closed at $10.81.
Ares Acquisition Co. II Trading Up 0.2 %
The stock’s 50-day moving average price is $10.76 and its 200 day moving average price is $10.68.
Hedge Funds Weigh In On Ares Acquisition Co. II
Hedge funds have recently modified their holdings of the stock. Condor Capital Management boosted its holdings in shares of Ares Acquisition Co. II by 30.2% in the 1st quarter. Condor Capital Management now owns 53,057 shares of the company’s stock worth $561,000 after acquiring an additional 12,307 shares in the last quarter. Virtu Financial LLC acquired a new position in Ares Acquisition Co. II in the first quarter worth $1,161,000. Wolverine Asset Management LLC grew its holdings in shares of Ares Acquisition Co. II by 150,674.7% during the second quarter. Wolverine Asset Management LLC now owns 125,143 shares of the company’s stock worth $1,335,000 after purchasing an additional 125,060 shares during the last quarter. Berkley W R Corp increased its stake in shares of Ares Acquisition Co. II by 165.5% in the first 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 in the last quarter. Finally, Mizuho Securities USA LLC bought a new position in shares of Ares Acquisition Co. II in the first quarter valued at about $3,679,000. 72.95% of the stock is owned by institutional investors and hedge funds.
About Ares Acquisition Co. II
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.
Featured Articles
- Five stocks we like better than Ares Acquisition Co. II
- Why Invest in 5G? How to Invest in 5G Stocks
- TJX Stock: A Buying Opportunity Before the Holiday Rush
- Find and Profitably Trade Stocks at 52-Week Lows
- Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth
Receive News & Ratings for Ares Acquisition Co. II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Acquisition Co. II and related companies with MarketBeat.com's FREE daily email newsletter.
