Jackson Acquisition Company II (NYSE:JACS) Trading Up 0.1% – Here’s What Happened

Jackson Acquisition Company II (NYSE:JACS)’s stock price shot up 0.1% during mid-day trading on Wednesday . The company traded as high as $10.44 and last traded at $10.44. 20,806 shares were traded during trading, an increase of 70% from the average session volume of 12,249 shares. The stock had previously closed at $10.43.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Jackson Acquisition Company II in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Jackson Acquisition Company II Price Performance

The company’s 50-day simple moving average is $10.42 and its 200-day simple moving average is $10.36.

Jackson Acquisition Company II (NYSE:JACS) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.08 EPS for the quarter. The firm had revenue of $2.48 million during the quarter.

Institutional Investors Weigh In On Jackson Acquisition Company II

A number of hedge funds have recently bought and sold shares of JACS. Readystate Asset Management LP purchased a new stake in Jackson Acquisition Company II during the 3rd quarter worth approximately $519,000. Cantor Fitzgerald L. P. acquired a new stake in shares of Jackson Acquisition Company II during the third quarter worth approximately $910,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Jackson Acquisition Company II in the second quarter worth $1,030,000. BCK Capital Management LP bought a new stake in shares of Jackson Acquisition Company II in the second quarter worth $1,030,000. Finally, Mangrove Partners IM LLC acquired a new stake in Jackson Acquisition Company II in the third quarter valued at $2,911,000.

About Jackson Acquisition Company II

Jackson Acquisition Co II operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on September 11, 2024 and is headquartered in Alpharetta, GA.