Arogo Capital Acquisition (NASDAQ:AOGO) Shares Up 16.7% – Here’s What Happened

Arogo Capital Acquisition Corp. (NASDAQ:AOGO)’s share price was up 16.7% during mid-day trading on Tuesday . The company traded as high as $16.60 and last traded at $14.70. Approximately 7,807 shares traded hands during mid-day trading, an increase of 100% from the average daily volume of 3,902 shares. The stock had previously closed at $12.60.

Arogo Capital Acquisition Price Performance

The business’s fifty day moving average is $12.04 and its 200-day moving average is $11.36.

Institutional Trading of Arogo Capital Acquisition

An institutional investor recently raised its position in Arogo Capital Acquisition stock. Flow Traders U.S. LLC grew its position in shares of Arogo Capital Acquisition Corp. (NASDAQ:AOGO) by 75.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,707 shares of the company’s stock after acquiring an additional 9,333 shares during the quarter. Flow Traders U.S. LLC owned about 0.50% of Arogo Capital Acquisition worth $238,000 at the end of the most recent quarter. 41.63% of the stock is currently owned by institutional investors and hedge funds.

Arogo Capital Acquisition Company Profile

Arogo Capital Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus on businesses in transportation and technology industries within the electric vehicles technology, smart mobility, or sustainable transportation.