Dune Acquisition Corp II (NASDAQ:IPODU – Get Free Report) shares rose 0.4% during mid-day trading on Friday . The stock traded as high as $10.74 and last traded at $10.74. Approximately 100 shares were traded during trading, a decline of 94% from the average session volume of 1,550 shares. The stock had previously closed at $10.70.
Dune Acquisition Corp II Stock Performance
The business has a fifty day moving average of $10.70 and a 200 day moving average of $10.52.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in IPODU. JPMorgan Chase & Co. bought a new position in Dune Acquisition Corp II in the 2nd quarter worth $153,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Dune Acquisition Corp II during the 4th quarter valued at about $259,000. Clear Street Group Inc. boosted its stake in shares of Dune Acquisition Corp II by 3,546.9% during the 4th quarter. Clear Street Group Inc. now owns 30,816 shares of the company’s stock valued at $318,000 after purchasing an additional 29,971 shares in the last quarter. LMR Partners LLP purchased a new position in shares of Dune Acquisition Corp II during the second quarter valued at about $4,080,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new position in shares of Dune Acquisition Corp II during the second quarter valued at about $10,200,000.
Dune Acquisition Corp II Company Profile
Dune Acquisition Corp II is a Delaware‐incorporated special purpose acquisition company (SPAC) listed on the Nasdaq under the ticker IPODU. Established in 2021, the company launched an initial public offering to raise capital with the sole purpose of identifying, acquiring, and merging with one or more businesses. As a blank‐check vehicle, it provides private companies with an alternative route to public market access through a business combination.
The company is sponsored by Dune Capital Management LP, a multi‐strategy alternative investment firm based in New York.
Further Reading
- Five stocks we like better than Dune Acquisition Corp II
- AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector
- Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth
- TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident
- GE Aerospace Faces a Prove-It Moment in Q2 Earnings
Receive News & Ratings for Dune Acquisition Corp II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dune Acquisition Corp II and related companies with MarketBeat.com's FREE daily email newsletter.
