Ares Acquisition Co. II (NYSE:AACT - Get Free Report) shares saw strong trading volume on Monday . 72,422 shares changed hands during trading, an increase of 133% from the previous session's volume of 31,057 shares.The stock last traded at $10.98 and had previously closed at $10.97.
Ares Acquisition Co. II Stock Performance
The stock's 50-day simple moving average is $10.92 and its 200 day simple moving average is $10.82.
Institutional Trading of Ares Acquisition Co. II
A number of institutional investors have recently modified their holdings of AACT. Berkley W R Corp raised its position in Ares Acquisition Co. II by 627.4% during the second quarter. Berkley W R Corp now owns 1,509,023 shares of the company's stock valued at $16,101,000 after purchasing an additional 1,301,567 shares in the last quarter. Wolverine Asset Management LLC increased its stake in shares of Ares Acquisition Co. II by 448.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 686,939 shares of the company's stock valued at $7,440,000 after purchasing an additional 561,796 shares during the last quarter. Driehaus Capital Management LLC acquired a new position in shares of Ares Acquisition Co. II during the 2nd quarter worth $5,335,000. Finally, Virtu Financial LLC lifted its position in shares of Ares Acquisition Co. II by 7.6% during the 2nd quarter. Virtu Financial LLC now owns 118,148 shares of the company's stock worth $1,261,000 after buying an additional 8,324 shares during the last quarter. 72.95% of the stock is currently owned by institutional investors.
About Ares Acquisition Co. II
(
Get Free Report)
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.
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
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
