Dune Acquisition Corp II (NASDAQ:IPODU) Stock Price Up 0.9% – Still a Buy?

Dune Acquisition Corp II (NASDAQ:IPODU)’s stock price traded up 0.9% on Monday . The company traded as high as $10.32 and last traded at $10.32. 5,000 shares were traded during trading, a decline of 94% from the average session volume of 84,650 shares. The stock had previously closed at $10.23.

Dune Acquisition Corp II Price Performance

The stock’s 50-day moving average price is $10.30 and its 200-day moving average price is $10.24.

Institutional Trading of Dune Acquisition Corp II

A number of institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new position in shares of Dune Acquisition Corp II in the 2nd quarter worth about $153,000. Clear Street LLC acquired a new stake in Dune Acquisition Corp II during the second quarter worth approximately $3,820,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Dune Acquisition Corp II in the second quarter valued at approximately $4,009,000. LMR Partners LLP acquired a new position in Dune Acquisition Corp II in the second quarter valued at approximately $4,080,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in shares of Dune Acquisition Corp II during the 2nd quarter worth approximately $10,200,000.

About Dune Acquisition Corp II

Dune Acquisition Corp II is a Delaware‐incorporated special purpose acquisition company (SPAC) listed on the Nasdaq under the ticker IPODU. Established in 2021, the company launched an initial public offering to raise capital with the sole purpose of identifying, acquiring, and merging with one or more businesses. As a blank‐check vehicle, it provides private companies with an alternative route to public market access through a business combination.

The company is sponsored by Dune Capital Management LP, a multi‐strategy alternative investment firm based in New York.