Ares Acquisition Co. II (NYSE:AACT) Sets New 52-Week High – What’s Next?

Ares Acquisition Co. II (NYSE:AACTGet Free Report) hit a new 52-week high on Monday . The stock traded as high as $11.04 and last traded at $11.02, with a volume of 22097 shares. The stock had previously closed at $11.01.

Ares Acquisition Co. II Price Performance

The stock’s 50 day simple moving average is $10.95 and its 200 day simple moving average is $10.85.

Institutional Trading of Ares Acquisition Co. II

Large investors have recently added to or reduced their stakes in the company. Driehaus Capital Management LLC acquired a new stake in Ares Acquisition Co. II during the second quarter valued at $5,335,000. Wolverine Asset Management LLC grew its holdings in Ares Acquisition Co. II by 448.9% in the third 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. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Ares Acquisition Co. II in the fourth quarter valued at approximately $1,110,000. 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 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.

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