Andretti Acquisition Corp. II (NASDAQ:POLEU – Get Free Report) shot up 9.2% during mid-day trading on Friday . The stock traded as high as $12.26 and last traded at $11.70. 3,113 shares traded hands during trading, a decline of 31% from the average session volume of 4,519 shares. The stock had previously closed at $10.71.
Andretti Acquisition Corp. II Stock Performance
The company’s fifty day moving average is $11.49 and its 200-day moving average is $11.25.
Andretti Acquisition Corp. II Company Profile
Andretti Acquisition Corp. II is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the Nasdaq under the ticker POLEU. The firm was formed with the purpose of identifying and consummating a business combination with one or more operating businesses, primarily within the automotive, mobility, motorsports and related technology sectors. As a blank-check company, Andretti Acquisition Corp. II seeks to leverage public market capital to partner with growth-oriented enterprises that can benefit from the Andretti Global brand and expertise in performance engineering and racing innovation.
The SPAC is sponsored by Andretti Global, the parent company of the Andretti racing organization founded by three-time IndyCar champion Mario Andretti and now led by his son, Michael Andretti, who serves as Executive Chairman.
Recommended Stories
- Five stocks we like better than Andretti Acquisition Corp. II
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
- CAVA Group’s Stock Looks Delicious After Strong Earnings
- Lowe’s Finds Support at $215 After Q1 Earnings Sell-Off
- Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
Receive News & Ratings for Andretti Acquisition Corp. II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Andretti Acquisition Corp. II and related companies with MarketBeat.com's FREE daily email newsletter.
