Shares of Arogo Capital Acquisition Corp. (NASDAQ:AOGO - Get Free Report) were up 13.9% during mid-day trading on Tuesday . The stock traded as high as $12.93 and last traded at $12.93. Approximately 300 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 12,733 shares. The stock had previously closed at $11.35.
Arogo Capital Acquisition Stock Performance
The company has a 50 day simple moving average of $11.15 and a 200 day simple moving average of $11.05.
Institutional Investors Weigh In On Arogo Capital Acquisition
Several large investors have recently modified their holdings of AOGO. Flow Traders U.S. LLC increased its stake in Arogo Capital Acquisition by 75.4% in the 3rd quarter. Flow Traders U.S. LLC now owns 21,707 shares of the company's stock valued at $238,000 after buying an additional 9,333 shares during the period. Warberg Asset Management LLC purchased a new stake in shares of Arogo Capital Acquisition in the second quarter valued at about $876,000. Finally, Clear Street LLC increased its stake in shares of Arogo Capital Acquisition by 10.9% during the second quarter. Clear Street LLC now owns 137,370 shares of the company's stock worth $1,508,000 after acquiring an additional 13,508 shares during the period. Hedge funds and other institutional investors own 41.63% of the company's stock.
About Arogo Capital Acquisition
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Arogo Capital Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus on businesses in transportation and technology industries within the electric vehicles technology, smart mobility, or sustainable transportation.
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