Ares Acquisition Co. II (NYSE:AACT – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $11.20 and last traded at $11.15, with a volume of 135761 shares. The stock had previously closed at $11.16.
Ares Acquisition Co. II Price Performance
The firm’s 50 day moving average price is $11.04 and its 200-day moving average price is $10.93.
Institutional Investors Weigh In On Ares Acquisition Co. II
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC lifted its position in Ares Acquisition Co. II by 4.2% in the fourth quarter. Virtu Financial LLC now owns 22,710 shares of the company’s stock worth $249,000 after purchasing an additional 914 shares during the period. Jane Street Group LLC bought a new position in Ares Acquisition Co. II in the fourth quarter worth $883,000. FNY Investment Advisers LLC bought a new position in Ares Acquisition Co. II in the fourth quarter worth $1,110,000. Mizuho Securities USA LLC bought a new position in Ares Acquisition Co. II in the fourth quarter worth $3,534,000. Finally, Decagon Asset Management LLP bought a new position in Ares Acquisition Co. II in the fourth quarter worth $4,089,000. Institutional investors and hedge funds own 72.95% of the company’s stock.
About Ares Acquisition Co. II
Ares Acquisition Corp. II is a blank check company which engages in effecting a merger, share exchange, asset acquisition, share purchase, and reorganization or similar business combination. The company was founded on March 15, 2021 and is headquartered in New York, NY.
Further Reading
- Five stocks we like better than Ares Acquisition Co. II
- 3 REITs to Buy and Hold for the Long Term
- Disney Stock: 4 Key Metrics Validating Its Comeback
- Should You Invest in Penny Stocks?
- Resilient Investing: 3 Stocks Built to Weather Market Volatility
- Insider Buying Explained: What Investors Need to Know
- Gold Breaks $3,000: What’s Driving the Rally and How to Invest?
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.