Virgin Group Acquisition Corp. II (NYSE:VGII) Shares Down 2.5% – What’s Next?

Virgin Group Acquisition Corp. II (NYSE:VGIIGet Free Report) shares were down 2.5% during mid-day trading on Friday . The company traded as low as $1.17 and last traded at $1.17. Approximately 4,804 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 141,126 shares. The stock had previously closed at $1.20.

Virgin Group Acquisition Corp. II Trading Down 2.5%

The firm has a 50-day moving average price of $1.34 and a 200 day moving average price of $1.39.

About Virgin Group Acquisition Corp. II

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Virgin Group Acquisition Corp. II is a publicly traded special purpose acquisition company (SPAC) sponsored by the Virgin Group and its affiliates. Incorporated in Delaware, the company launched its initial public offering in 2021 and is listed on the New York Stock Exchange under the ticker VGII. As a blank‐check vehicle, its primary objective is to identify and merge with a privately held business, thereby taking that company public through a deSPAC transaction.

The company targets businesses operating in the digital economy, consumer, media, entertainment and technology sectors.

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