American Exceptionalism Acquisition (NYSE:AEXA) Sets New 52-Week High – Time to Buy?

American Exceptionalism Acquisition Corp. (NYSE:AEXA) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $12.00 and last traded at $12.00, with a volume of 2701 shares. The stock had previously closed at $11.83.

Wall Street Analyst Weigh In

Several research firms have weighed in on AEXA. Wall Street Zen upgraded shares of American Exceptionalism Acquisition to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reaffirmed a “sell (e)” rating on shares of American Exceptionalism Acquisition in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

American Exceptionalism Acquisition Stock Performance

The firm has a fifty day moving average price of $11.26.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Syquant Capital Sas bought a new stake in American Exceptionalism Acquisition during the third quarter worth approximately $1,366,000. Calamos Advisors LLC acquired a new position in shares of American Exceptionalism Acquisition in the third quarter worth about $689,000. Deltec Asset Management LLC acquired a new stake in American Exceptionalism Acquisition during the 3rd quarter valued at $219,000. Context Capital Management LLC purchased a new stake in American Exceptionalism Acquisition in the 3rd quarter worth about $2,186,000. Finally, Picton Mahoney Asset Management purchased a new position in shares of American Exceptionalism Acquisition during the 3rd quarter valued at $9,290,000.

About American Exceptionalism Acquisition

We are led by Chamath Palihapitiya, the founder and Managing Partner of Social Capital. Like Social Capital, the company is formed to confront the world’s hardest problems. Although these problems have evolved over the past decade, our approach remains the same—with a dedication to first principles thinking, deep technological understanding and a willingness to be contrarian to consensus. — We intend to find companies that operate in sectors that we believe will be instrumental in maintaining U.S.