Jackson Acquisition Company II (NYSE:JACS) Trading Up 0.1% – Here’s What Happened

Jackson Acquisition Company II (NYSE:JACS)’s share price shot up 0.1% during mid-day trading on Wednesday . The company traded as high as $10.44 and last traded at $10.44. 20,806 shares changed hands during mid-day trading, an increase of 70% from the average session volume of 12,249 shares. The stock had previously closed at $10.43.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Jackson Acquisition Company II in a research note on Tuesday, October 14th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Jackson Acquisition Company II currently has a consensus rating of “Sell”.

Jackson Acquisition Company II Stock Up 0.1%

The business’s fifty day simple moving average is $10.42 and its 200 day simple moving average is $10.36.

Jackson Acquisition Company II (NYSE:JACS) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $2.48 million during the quarter.

Hedge Funds Weigh In On Jackson Acquisition Company II

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. acquired a new stake in shares of Jackson Acquisition Company II during the 1st quarter worth approximately $3,624,000. Wolverine Asset Management LLC boosted its position in Jackson Acquisition Company II by 85.1% during the 2nd quarter. Wolverine Asset Management LLC now owns 626,322 shares of the company’s stock valued at $6,451,000 after purchasing an additional 288,022 shares during the period. BCK Capital Management LP bought a new position in Jackson Acquisition Company II during the 2nd quarter worth $1,030,000. Cantor Fitzgerald L. P. bought a new position in Jackson Acquisition Company II during the 3rd quarter worth $910,000. Finally, Mangrove Partners IM LLC acquired a new stake in Jackson Acquisition Company II in the third quarter worth $2,911,000.

Jackson Acquisition Company II Company Profile

Jackson Acquisition Co II operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on September 11, 2024 and is headquartered in Alpharetta, GA.