Artius II Acquisition (NASDAQ:AACB) Shares Up 0.1% – Here’s Why

Shares of Artius II Acquisition Inc. (NASDAQ:AACB) were up 0.1% during mid-day trading on Friday . The company traded as high as $10.38 and last traded at $10.3760. Approximately 44,517 shares changed hands during trading, an increase of 102% from the average daily volume of 21,998 shares. The stock had previously closed at $10.37.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Artius II Acquisition in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Artius II Acquisition Price Performance

The firm has a 50-day moving average price of $10.35 and a two-hundred day moving average price of $10.31.

Artius II Acquisition (NASDAQ:AACB) last posted its quarterly earnings data on Thursday, March 19th. The company reported $0.04 earnings per share for the quarter.

Institutional Investors Weigh In On Artius II Acquisition

Several hedge funds have recently modified their holdings of the business. Sculptor Capital LP bought a new stake in shares of Artius II Acquisition in the second quarter valued at approximately $14,168,000. Radcliffe Capital Management L.P. boosted its position in shares of 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 acquiring an additional 17,119 shares during the period. Hudson Bay Capital Management LP bought a new stake in shares of Artius II Acquisition in the fourth quarter valued at approximately $5,665,000. Moore Capital Management LP bought a new stake in shares of Artius II Acquisition in the second quarter valued at approximately $5,060,000. Finally, Periscope Capital Inc. boosted its position in shares of Artius II Acquisition by 4.0% in the fourth quarter. Periscope Capital Inc. now owns 450,000 shares of the company’s stock valued at $4,635,000 after acquiring an additional 17,200 shares during the period.

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.