Andretti Acquisition Corp. II (NASDAQ:POLE) Trading Down 0.2% – Here’s Why

Andretti Acquisition Corp. II (NASDAQ:POLE)’s share price was down 0.2% during mid-day trading on Friday . The stock traded as low as $10.50 and last traded at $10.50. Approximately 903 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 146,190 shares. The stock had previously closed at $10.52.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a research note on Monday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Andretti Acquisition Corp. II currently has an average rating of “Sell”.

Andretti Acquisition Corp. II Trading Down 0.2%

The business’s 50-day simple moving average is $10.55 and its 200 day simple moving average is $10.46.

Andretti Acquisition Corp. II (NASDAQ:POLE) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.08 earnings per share for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Alberta Investment Management Corp bought a new position in shares of Andretti Acquisition Corp. II in the 2nd quarter worth $20,552,000. Magnetar Financial LLC purchased a new position in Andretti Acquisition Corp. II in the second quarter valued at about $14,532,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in Andretti Acquisition Corp. II in the second quarter worth about $7,785,000. Westchester Capital Management LLC lifted its position in shares of Andretti Acquisition Corp. II by 63.2% during the first quarter. Westchester Capital Management LLC now owns 1,161,916 shares of the company’s stock valued at $11,793,000 after buying an additional 450,000 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its holdings in shares of Andretti Acquisition Corp. II by 60.8% in the 2nd quarter. Wolverine Asset Management LLC now owns 1,058,178 shares of the company’s stock valued at $10,984,000 after buying an additional 400,079 shares in the last quarter.

About Andretti Acquisition Corp. II

Andretti Acquisition Corp. II is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Andretti Acquisition Corp. II is based in INDIANAPOLIS, IN.