Ares Acquisition Co. II (NYSE:AACT) Sees Unusually-High Trading Volume – What’s Next?

Ares Acquisition Co. II (NYSE:AACTGet Free Report) shares saw unusually-high trading volume on Thursday . Approximately 93,402 shares traded hands during trading, an increase of 75% from the previous session’s volume of 53,509 shares.The stock last traded at $10.99 and had previously closed at $11.00.

Ares Acquisition Co. II Trading Up 0.1 %

The stock has a fifty day moving average of $10.94 and a 200-day moving average of $10.84.

Institutional Trading of Ares Acquisition Co. II

A number of institutional investors have recently made changes to their positions in AACT. FNY Investment Advisers LLC acquired a new stake in Ares Acquisition Co. II in the 4th quarter valued at $1,110,000. Driehaus Capital Management LLC bought a new stake in Ares Acquisition Co. II during the second quarter worth about $5,335,000. Wolverine Asset Management LLC boosted its position in Ares Acquisition Co. II by 448.9% during 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 last quarter. Finally, Berkley W R Corp grew its stake in Ares Acquisition Co. II by 627.4% in the second quarter. Berkley W R Corp now owns 1,509,023 shares of the company’s stock valued at $16,101,000 after purchasing an additional 1,301,567 shares in the last quarter. Institutional investors own 72.95% of the company’s stock.

Ares Acquisition Co. II Company Profile

(Get Free Report)

Ares Acquisition Corporation II does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Ares Acquisition Corporation II was incorporated in 2021 and is based in New York, New York.

Further Reading

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