Cohen Circle Acquisition Corp. II (NASDAQ:CCIIU – Get Free Report) traded down 1% during mid-day trading on Thursday . The company traded as low as $10.58 and last traded at $10.4750. Approximately 100 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 9,126 shares. The stock had previously closed at $10.58.
Cohen Circle Acquisition Corp. II Price Performance
The business has a 50 day moving average price of $10.53 and a two-hundred day moving average price of $10.45.
Hedge Funds Weigh In On Cohen Circle Acquisition Corp. II
Hedge funds have recently bought and sold shares of the business. Clear Street Group Inc. lifted its position in shares of Cohen Circle Acquisition Corp. II by 254.9% during the fourth quarter. Clear Street Group Inc. now owns 561,740 shares of the company’s stock worth $5,859,000 after purchasing an additional 403,466 shares during the last quarter. Toronto Dominion Bank purchased a new position in Cohen Circle Acquisition Corp. II in the 4th quarter worth about $159,000. Finally, Stoic Point Capital Management LLC bought a new stake in Cohen Circle Acquisition Corp. II during the 4th quarter valued at about $261,000.
About Cohen Circle Acquisition Corp. II
Cohen Circle Acquisition Corp. II (NASDAQ: CCIIU) is a publicly traded special purpose acquisition company (SPAC), commonly referred to as a blank?check company. Like other SPACs, it was formed to raise capital in the public markets for the purpose of identifying, negotiating and completing a business combination with one or more operating companies. Until a business combination is completed, the SPAC itself typically has no operating business beyond managing the proceeds of its offering and pursuing acquisition opportunities.
The company’s primary activities center on sourcing and evaluating potential target businesses, structuring and negotiating a merger or similar transaction, and completing the regulatory and shareholder approval processes required to effect a closing.
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