Ares Acquisition Co. II (NYSE:AACT) Reaches New 52-Week High at $10.76

Ares Acquisition Co. II (NYSE:AACT) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $10.76 and last traded at $10.76, with a volume of 22662 shares changing hands. The stock had previously closed at $10.74.

Ares Acquisition Co. II Stock Performance

The business has a 50 day moving average of $10.68 and a 200 day moving average of $10.60.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Firethorn Wealth Partners LLC increased its stake in Ares Acquisition Co. II by 51.5% in the fourth quarter. Firethorn Wealth Partners LLC now owns 19,728 shares of the company’s stock worth $206,000 after purchasing an additional 6,708 shares during the period. Condor Capital Management bought a new stake in Ares Acquisition Co. II during the 4th quarter valued at about $425,000. Virtu Financial LLC purchased a new stake in Ares Acquisition Co. II in the 1st quarter valued at about $1,161,000. Wolverine Asset Management LLC grew its stake in Ares Acquisition Co. II by 150,674.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 125,143 shares of the company’s stock worth $1,335,000 after acquiring an additional 125,060 shares in the last quarter. Finally, Berkley W R Corp increased its position in shares of Ares Acquisition Co. II by 165.5% during the first quarter. Berkley W R Corp now owns 207,456 shares of the company’s stock worth $2,193,000 after acquiring an additional 129,324 shares during the period. Institutional investors own 72.95% of the company’s stock.

Ares Acquisition Co. II Company Profile

Ares Acquisition Corporation II does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Ares Acquisition Corporation II was incorporated in 2021 and is based in New York, New York.