Ares Acquisition Co. II (NYSE:AACT - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $11.12 and last traded at $11.07, with a volume of 216 shares trading hands. The stock had previously closed at $11.07.
Ares Acquisition Co. II Price Performance
The stock's 50 day moving average is $11.02 and its two-hundred day moving average is $10.91.
Institutional Trading of Ares Acquisition Co. II
Hedge funds and other institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank acquired a new position in shares of Ares Acquisition Co. II during the fourth quarter valued at $21,519,000. Wolverine Asset Management LLC lifted its position in Ares Acquisition Co. II by 448.9% during 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 period. Decagon Asset Management LLP bought a new position in shares of Ares Acquisition Co. II in the 4th quarter valued at about $4,089,000. Mizuho Securities USA LLC bought a new position in Ares Acquisition Co. II in the fourth quarter valued at approximately $3,534,000. Finally, Bulldog Investors LLP raised its position in shares of Ares Acquisition Co. II by 54.9% during the 4th quarter. Bulldog Investors LLP now owns 523,243 shares of the company's stock valued at $5,745,000 after acquiring an additional 185,556 shares during the last quarter. Institutional investors and hedge funds 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 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.
Read More
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
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.