Artius II Acquisition (NASDAQ:AACB) Shares Down 0.6% – Here’s What Happened

Artius II Acquisition Inc. (NASDAQ:AACB) was down 0.6% during trading on Wednesday . The company traded as low as $10.33 and last traded at $10.33. Approximately 30,366 shares traded hands during trading, an increase of 5% from the average daily volume of 29,042 shares. The stock had previously closed at $10.39.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Artius II Acquisition in a report on Monday, December 29th. One investment 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 Stock Down 0.6%

The company’s 50 day simple moving average is $10.32 and its 200-day simple moving average is $10.23.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. AQR Arbitrage LLC purchased a new stake in Artius II Acquisition in the second quarter valued at approximately $15,202,000. Sculptor Capital LP bought a new position in shares of Artius II Acquisition in the 2nd quarter worth $14,168,000. Linden Advisors LP purchased a new stake in shares of Artius II Acquisition during the 2nd quarter valued at $10,120,000. Alberta Investment Management Corp bought a new stake in shares of Artius II Acquisition during the 2nd quarter worth $9,918,000. Finally, Radcliffe Capital Management L.P. grew its position in Artius II Acquisition by 142.5% in the third quarter. Radcliffe Capital Management L.P. now owns 650,000 shares of the company’s stock worth $6,598,000 after acquiring an additional 381,998 shares in the last quarter.

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.