Andretti Acquisition Corp. II (NASDAQ:POLE) Shares Up 0.1% – Here’s What Happened

Andretti Acquisition Corp. II (NASDAQ:POLE) shares traded up 0.1% during trading on Friday . The stock traded as high as $10.77 and last traded at $10.7810. Approximately 2,753 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 10,903 shares. The stock had previously closed at $10.77.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a research report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Andretti Acquisition Corp. II Stock Performance

The company’s 50 day moving average price is $10.74 and its 200 day moving average price is $10.65.

Andretti Acquisition Corp. II (NASDAQ:POLE) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter.

Institutional Investors Weigh In On Andretti Acquisition Corp. II

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Radcliffe Capital Management L.P. raised its position in shares of Andretti Acquisition Corp. II by 0.3% during the fourth quarter. Radcliffe Capital Management L.P. now owns 478,664 shares of the company’s stock worth $5,031,000 after acquiring an additional 1,663 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Andretti Acquisition Corp. II in the fourth quarter valued at about $41,000. Glazer Capital LLC increased its position in Andretti Acquisition Corp. II by 3.3% in the fourth quarter. Glazer Capital LLC now owns 263,547 shares of the company’s stock worth $2,770,000 after purchasing an additional 8,403 shares during the period. HRT Financial LP acquired a new stake in Andretti Acquisition Corp. II in the fourth quarter worth about $113,000. Finally, Clear Street Group Inc. bought a new stake in Andretti Acquisition Corp. II during the 3rd quarter worth about $149,000.

Andretti Acquisition Corp. II Company Profile

Andretti Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a business combination. The company has no commercial operations of its own but seeks to merge with or acquire a private business with a focus on advanced mobility, high-performance automotive technologies, or related sectors. By leveraging the Andretti brand, it aims to align with firms operating at the intersection of motorsports and cutting-edge vehicle innovation.

The SPAC structure allows Andretti Acquisition Corp.