Andretti Acquisition (NYSE:WNNR) Trading 32% Higher

Andretti Acquisition Corp. (NYSE:WNNR) shot up 32% during mid-day trading on Thursday . The stock traded as high as $18.50 and last traded at $13.60. 1,125,400 shares were traded during mid-day trading, an increase of 955% from the average session volume of 106,661 shares. The stock had previously closed at $10.30.

Andretti Acquisition Trading Up 32.0 %

The business has a 50-day moving average price of $11.10 and a 200-day moving average price of $10.93.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in WNNR. Westchester Capital Management LLC boosted its position in Andretti Acquisition by 87.9% in the 2nd quarter. Westchester Capital Management LLC now owns 1,141,671 shares of the company’s stock worth $12,147,000 after purchasing an additional 534,071 shares in the last quarter. First Trust Capital Management L.P. increased its holdings in Andretti Acquisition by 1,536.1% in the first quarter. First Trust Capital Management L.P. now owns 737,222 shares of the company’s stock valued at $7,748,000 after buying an additional 692,162 shares in the last quarter. Glazer Capital LLC raised its position in shares of Andretti Acquisition by 30.4% in the fourth quarter. Glazer Capital LLC now owns 543,937 shares of the company’s stock worth $5,913,000 after acquiring an additional 126,932 shares during the period. Nomura Holdings Inc. purchased a new stake in shares of Andretti Acquisition during the 1st quarter worth about $5,696,000. Finally, Hudson Bay Capital Management LP grew its position in shares of Andretti Acquisition by 47.3% during the 3rd quarter. Hudson Bay Capital Management LP now owns 440,063 shares of the company’s stock valued at $4,731,000 after acquiring an additional 141,247 shares during the period. Hedge funds and other institutional investors own 51.22% of the company’s stock.

Andretti Acquisition Company Profile

Andretti Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. Andretti Acquisition Corp. was incorporated in 2021 and is based in Indianapolis, Indiana.