Virgin Group Acquisition Corp. II (NYSE:VGII – Get Free Report)’s stock price rose 1.9% on Friday . The company traded as high as $1.14 and last traded at $1.09. 71,416 shares were traded during trading, a decline of 49% from the average session volume of 141,126 shares. The stock had previously closed at $1.07.
Virgin Group Acquisition Corp. II Price Performance
The company’s 50-day simple moving average is $1.21 and its 200-day simple moving average is $1.28.
Virgin Group Acquisition Corp. II Company Profile
Virgin Group Acquisition Corp. II is a publicly traded special purpose acquisition company (SPAC) sponsored by the Virgin Group and its affiliates. Incorporated in Delaware, the company launched its initial public offering in 2021 and is listed on the New York Stock Exchange under the ticker VGII. As a blank?check vehicle, its primary objective is to identify and merge with a privately held business, thereby taking that company public through a deSPAC transaction.
The company targets businesses operating in the digital economy, consumer, media, entertainment and technology sectors.
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