Arogo Capital Acquisition (NASDAQ:AOGO) Stock Price Down 0.6% – Should You Sell?

Arogo Capital Acquisition Corp. (NASDAQ:AOGO)’s stock price fell 0.6% during trading on Tuesday . The company traded as low as $12.55 and last traded at $12.55. 866 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 1,718 shares. The stock had previously closed at $12.62.

Arogo Capital Acquisition Stock Performance

The company’s fifty day moving average price is $13.49 and its two-hundred day moving average price is $12.12.

Institutional Investors Weigh In On Arogo Capital Acquisition

A hedge fund recently raised its stake in Arogo Capital Acquisition stock. Flow Traders U.S. LLC lifted its holdings in shares of Arogo Capital Acquisition Corp. (NASDAQ:AOGO) by 75.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 21,707 shares of the company’s stock after purchasing an additional 9,333 shares during the period. Flow Traders U.S. LLC owned 0.50% of Arogo Capital Acquisition worth $238,000 at the end of the most recent reporting period. 41.63% of the stock is owned by institutional investors and hedge funds.

Arogo Capital Acquisition Company Profile

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.