Ares Acquisition Co. II (NYSE:AACT - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $11.20 and last traded at $11.19, with a volume of 18187 shares traded. The stock had previously closed at $11.19.
Ares Acquisition Co. II Stock Down 0.2 %
The business's fifty day moving average is $11.07 and its two-hundred day moving average is $10.95.
Institutional Trading of Ares Acquisition Co. II
A number of large investors have recently modified their holdings of AACT. FNY Investment Advisers LLC purchased a new position in Ares Acquisition Co. II in the fourth quarter valued at $1,110,000. Wolverine Asset Management LLC boosted its stake in shares of Ares Acquisition Co. II by 17.7% in the 4th quarter. Wolverine Asset Management LLC now owns 808,594 shares of the company's stock valued at $8,878,000 after buying an additional 121,655 shares during the period. Decagon Asset Management LLP purchased a new position in shares of Ares Acquisition Co. II in the 4th quarter valued at about $4,089,000. Mizuho Securities USA LLC acquired a new position in shares of Ares Acquisition Co. II during the fourth quarter worth about $3,534,000. Finally, Toronto Dominion Bank purchased a new stake in shares of Ares Acquisition Co. II during the fourth quarter worth approximately $21,519,000. Hedge funds and other institutional investors own 72.95% of the company's stock.
Ares Acquisition Co. II Company Profile
(
Get Free Report)
Ares Acquisition Corp. II is a blank check company. It was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on March 15, 2021 and is headquartered in New York, NY.
Further Reading
Before you consider Ares Acquisition Co. II, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ares Acquisition Co. II wasn't on the list.
While Ares Acquisition Co. II currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
