Rice Acquisition Corp. II (NYSE:RONI) Sees Strong Trading Volume

Rice Acquisition Corp. II (NYSE:RONIGet Rating) saw strong trading volume on Monday . 12,500 shares were traded during trading, a decline of 81% from the previous session’s volume of 64,876 shares.The stock last traded at $9.79 and had previously closed at $9.80.

The business has a 50-day moving average price of $9.83 and a two-hundred day moving average price of $9.88.

Institutional investors have recently bought and sold shares of the company. Sage Rock Capital Management LP acquired a new position in shares of Rice Acquisition Corp. II during the fourth quarter worth $2,653,000. Walleye Trading LLC acquired a new position in shares of Rice Acquisition Corp. II during the fourth quarter worth $180,000. Walleye Capital LLC acquired a new position in shares of Rice Acquisition Corp. II during the fourth quarter worth $317,000. RP Investment Advisors LP grew its stake in shares of Rice Acquisition Corp. II by 609.3% during the first quarter. RP Investment Advisors LP now owns 821,428 shares of the company’s stock worth $8,099,000 after purchasing an additional 705,616 shares in the last quarter. Finally, Yarra Square Partners LP acquired a new position in shares of Rice Acquisition Corp. II during the first quarter worth $1,732,000. 17.60% of the stock is currently owned by institutional investors and hedge funds.

Rice Acquisition Corp. II Company Profile (NYSE:RONI)

Rice Acquisition Corp. II does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Carnegie, Pennsylvania.

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