Ares Acquisition Co. II (NYSE:AACT - Get Free Report) saw strong trading volume on Thursday . 100,797 shares traded hands during trading, a decline of 19% from the previous session's volume of 124,345 shares.The stock last traded at $11.08 and had previously closed at $11.08.
Ares Acquisition Co. II Stock Down 0.0 %
The company's 50 day moving average price is $11.02 and its two-hundred day moving average price is $10.92.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Wolverine Asset Management LLC raised its holdings in 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 worth $7,440,000 after purchasing an additional 561,796 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Ares Acquisition Co. II in the fourth quarter worth about $1,110,000. Decagon Asset Management LLP purchased a new position in shares of Ares Acquisition Co. II during the 4th quarter valued at about $4,089,000. Virtu Financial LLC grew its stake in shares of Ares Acquisition Co. II by 4.2% during the 4th quarter. Virtu Financial LLC now owns 22,710 shares of the company's stock valued at $249,000 after acquiring an additional 914 shares during the period. Finally, Mizuho Securities USA LLC purchased a new stake in Ares Acquisition Co. II in the 4th quarter worth approximately $3,534,000. Hedge funds and other institutional investors own 72.95% of the company's stock.
About Ares Acquisition Co. II
(
Get Free Report)
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.
Recommended Stories
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
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
