Andretti Acquisition Corp. II (NASDAQ:POLE) Trading Down 0.2% – Time to Sell?

Andretti Acquisition Corp. II (NASDAQ:POLE)’s share price was down 0.2% during mid-day trading on Friday . The stock traded as low as $10.50 and last traded at $10.50. Approximately 903 shares were traded during trading, a decline of 99% from the average daily volume of 146,190 shares. The stock had previously closed at $10.52.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a research report on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Andretti Acquisition Corp. II currently has an average rating of “Sell”.

Andretti Acquisition Corp. II Stock Performance

The firm has a fifty day simple moving average of $10.55 and a two-hundred day simple moving average of $10.46.

Andretti Acquisition Corp. II (NASDAQ:POLE) last posted its earnings results on Monday, November 10th. The company reported $0.08 EPS for the quarter.

Institutional Trading of Andretti Acquisition Corp. II

A number of large investors have recently made changes to their positions in POLE. Alberta Investment Management Corp bought a new position in shares of Andretti Acquisition Corp. II during the second quarter valued at approximately $20,552,000. Magnetar Financial LLC purchased a new position in Andretti Acquisition Corp. II during the 2nd quarter valued at $14,532,000. Westchester Capital Management LLC grew its position in Andretti Acquisition Corp. II by 63.2% in the 1st quarter. Westchester Capital Management LLC now owns 1,161,916 shares of the company’s stock valued at $11,793,000 after acquiring an additional 450,000 shares during the last quarter. Wolverine Asset Management LLC grew its position in Andretti Acquisition Corp. II by 2.8% in the 3rd quarter. Wolverine Asset Management LLC now owns 1,087,579 shares of the company’s stock valued at $11,376,000 after acquiring an additional 29,401 shares during the last quarter. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in Andretti Acquisition Corp. II in the second quarter worth $7,785,000.

Andretti Acquisition Corp. II Company Profile

Andretti Acquisition Corp. II is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Andretti Acquisition Corp. II is based in INDIANAPOLIS, IN.