Ares Acquisition Co. II (NYSE:AACT) Reaches New 52-Week High at $10.78

Ares Acquisition Co. II (NYSE:AACT) shares reached a new 52-week high during trading on Monday . The company traded as high as $10.78 and last traded at $10.78, with a volume of 52485 shares traded. The stock had previously closed at $10.77.

Ares Acquisition Co. II Stock Performance

The company’s 50-day moving average price is $10.73 and its two-hundred day moving average price is $10.65.

Institutional Investors Weigh In On Ares Acquisition Co. II

Large investors have recently modified their holdings of the stock. Condor Capital Management acquired a new position in shares of Ares Acquisition Co. II in the fourth quarter worth about $425,000. Virtu Financial LLC acquired a new stake in Ares Acquisition Co. II during the 1st quarter valued at $1,161,000. Wolverine Asset Management LLC lifted its holdings in shares of Ares Acquisition Co. II by 150,674.7% in the second quarter. Wolverine Asset Management LLC now owns 125,143 shares of the company’s stock valued at $1,335,000 after purchasing an additional 125,060 shares in the last quarter. Berkley W R Corp grew its holdings 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 valued at $2,193,000 after buying an additional 129,324 shares in the last quarter. Finally, Cohanzick Management LLC lifted its position in shares of Ares Acquisition Co. II by 133.4% in the fourth quarter. Cohanzick Management LLC now owns 306,200 shares of the company’s stock worth $3,197,000 after purchasing an additional 175,000 shares in the last quarter. 72.95% of the stock is owned by institutional investors.

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.