Andretti Acquisition Corp. II (NASDAQ:POLE) Stock Price Down 0% – What’s Next?

Shares of Andretti Acquisition Corp. II (NASDAQ:POLE) fell 0% during mid-day trading on Friday . The company traded as low as $10.72 and last traded at $10.7150. Approximately 238 shares changed hands during trading, a decline of 100% from the average session volume of 148,214 shares. The stock had previously closed at $10.72.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Andretti Acquisition Corp. II currently has a consensus rating of “Sell”.

Andretti Acquisition Corp. II Trading Down 0.0%

The stock has a fifty day simple moving average of $10.80 and a two-hundred day simple moving average of $10.73.

Institutional Trading of Andretti Acquisition Corp. II

Hedge funds and other institutional investors have recently bought and sold shares of the company. Lineage Point Capital LP bought a new position in Andretti Acquisition Corp. II in the 4th quarter valued at $299,000. L1 Global Manager Pty Ltd bought a new position in shares of Andretti Acquisition Corp. II in the fourth quarter worth $1,051,000. Clear Street Group Inc. increased its holdings in shares of Andretti Acquisition Corp. II by 1,179.7% in the fourth quarter. Clear Street Group Inc. now owns 181,772 shares of the company’s stock worth $1,910,000 after purchasing an additional 167,568 shares during the period. Aristeia Capital L.L.C. purchased a new stake in shares of Andretti Acquisition Corp. II in the fourth quarter worth $2,617,000. Finally, Berkley W R Corp raised its position in shares of Andretti Acquisition Corp. II by 9.6% in the first quarter. Berkley W R Corp now owns 462,495 shares of the company’s stock worth $4,923,000 after buying an additional 40,683 shares in the last quarter.

Andretti Acquisition Corp. II Company Profile

Andretti Acquisition Corp. II (NASDAQ: POLE) is a special purpose acquisition company, or SPAC. The company was formed to identify and complete a business combination with one or more businesses, such as a merger, acquisition, stock purchase, or similar transaction.

As a SPAC, Andretti Acquisition Corp. II does not have significant ongoing operating activities, products, or services of its own. Its primary purpose is to raise capital through a public offering and use those funds, together with other financing, to acquire or combine with an operating company.

The company’s ultimate industry focus, geographic scope, and operating profile will depend on the target business it selects.