Artius II Acquisition (NASDAQ:AACB) Trading Down 0.5% – Here’s Why

Artius II Acquisition Inc. (NASDAQ:AACB) shares fell 0.5% during trading on Tuesday . The stock traded as low as $10.33 and last traded at $10.34. 148 shares changed hands during trading, a decline of 99% from the average session volume of 26,153 shares. The stock had previously closed at $10.39.

Analysts Set New Price Targets

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

Artius II Acquisition Trading Down 0.5%

The company’s 50-day moving average is $10.33 and its 200-day moving average is $10.26.

Hedge Funds Weigh In On Artius II Acquisition

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AACB. AQR Arbitrage LLC bought a new position in Artius II Acquisition during the second quarter worth about $15,202,000. Sculptor Capital LP bought a new stake in Artius II Acquisition during the 2nd quarter worth approximately $14,168,000. Linden Advisors LP acquired a new stake in Artius II Acquisition during the 2nd quarter worth approximately $10,120,000. Alberta Investment Management Corp acquired a new stake in Artius II Acquisition during the 2nd quarter worth approximately $9,918,000. Finally, Radcliffe Capital Management L.P. lifted its stake in Artius II Acquisition by 2.6% in the fourth quarter. Radcliffe Capital Management L.P. now owns 667,119 shares of the company’s stock valued at $6,871,000 after buying an additional 17,119 shares in the last quarter.

About Artius II Acquisition

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.