Artius II Acquisition (NASDAQ:AACB) Trading Down 0.1% – Time to Sell?

Artius II Acquisition Inc. (NASDAQ:AACB) dropped 0.1% on Monday . The company traded as low as $10.30 and last traded at $10.30. Approximately 26,041 shares changed hands during mid-day trading, an increase of 21% from the average daily volume of 21,549 shares. The stock had previously closed at $10.31.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Artius II Acquisition in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Artius II Acquisition Stock Down 0.1%

The business has a fifty day moving average price of $10.29 and a 200-day moving average price of $10.20.

Artius II Acquisition (NASDAQ:AACB) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.08 earnings per share for the quarter.

Hedge Funds Weigh In On Artius II Acquisition

Several institutional investors and hedge funds have recently made changes to their positions in AACB. Clear Street LLC bought a new stake in Artius II Acquisition in the second quarter worth $334,000. Clear Street Group Inc. bought a new position in shares of Artius II Acquisition during the third quarter valued at about $387,000. DLD Asset Management LP purchased a new position in shares of Artius II Acquisition in the second quarter worth about $414,000. Verition Fund Management LLC bought a new stake in shares of Artius II Acquisition in the 3rd quarter valued at about $568,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of Artius II Acquisition in the 2nd quarter valued at about $643,000.

Artius II Acquisition Company Profile

Artius II Acquisition Corp. (NASDAQ: AACB) is a blank‐check company formed in June 2020 by Artius Capital Partners. The firm’s sole purpose is to identify and complete a business combination through mergers, capital stock exchanges, asset acquisitions or similar transactions. It completed its initial public offering on the Nasdaq and its units, common shares and warrants trade under the AACB symbol.

The company is sponsored by Artius Capital Partners, a private equity and corporate finance firm based in New York with additional offices in London.