Atlantic Coastal Acquisition Corp. II (NASDAQ:ACAB) Shares Down 3.9%

Atlantic Coastal Acquisition Corp. II (NASDAQ:ACAB)’s share price traded down 3.9% during mid-day trading on Tuesday . The stock traded as low as $10.70 and last traded at $10.95. 5,686 shares traded hands during mid-day trading, an increase of 196% from the average session volume of 1,924 shares. The stock had previously closed at $11.40.

Atlantic Coastal Acquisition Corp. II Price Performance

The firm’s 50 day moving average price is $10.78 and its 200-day moving average price is $10.72.

Institutional Investors Weigh In On Atlantic Coastal Acquisition Corp. II

Institutional investors have recently bought and sold shares of the business. TrueMark Investments LLC acquired a new stake in Atlantic Coastal Acquisition Corp. II during the fourth quarter worth $128,000. Warberg Asset Management LLC bought a new position in shares of Atlantic Coastal Acquisition Corp. II during the third quarter valued at $723,000. Finally, Beryl Capital Management LLC bought a new position in shares of Atlantic Coastal Acquisition Corp. II during the fourth quarter valued at $1,877,000. Institutional investors and hedge funds own 23.30% of the company’s stock.

Atlantic Coastal Acquisition Corp. II Company Profile

Atlantic Coastal Acquisition Corp. II does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses in financial services industry and mobility sector.