Andretti Acquisition Corp. II (NASDAQ:POLE) Shares Up 0.1% – Here’s Why

Andretti Acquisition Corp. II (NASDAQ:POLE)’s stock price shot up 0.1% on Thursday . The company traded as high as $10.74 and last traded at $10.72. 4,737 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 19,966 shares. The stock had previously closed at $10.71.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Andretti Acquisition Corp. II has a consensus rating of “Sell”.

Andretti Acquisition Corp. II Price Performance

The business’s 50 day moving average price is $10.67 and its 200-day moving average price is $10.60.

Andretti Acquisition Corp. II (NASDAQ:POLE) last issued its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter.

Institutional Trading of Andretti Acquisition Corp. II

A number of institutional investors and hedge funds have recently made changes to their positions in POLE. Radcliffe Capital Management L.P. boosted its position in Andretti Acquisition Corp. II by 0.3% during the 4th quarter. Radcliffe Capital Management L.P. now owns 478,664 shares of the company’s stock valued at $5,031,000 after purchasing an additional 1,663 shares during the period. FNY Investment Advisers LLC acquired a new position in Andretti Acquisition Corp. II during the 4th quarter valued at approximately $41,000. Glazer Capital LLC boosted its position in Andretti Acquisition Corp. II by 3.3% during the 4th quarter. Glazer Capital LLC now owns 263,547 shares of the company’s stock valued at $2,770,000 after purchasing an additional 8,403 shares during the period. HRT Financial LP acquired a new position in Andretti Acquisition Corp. II during the 4th quarter valued at approximately $113,000. Finally, Clear Street Group Inc. acquired a new position in Andretti Acquisition Corp. II during the 3rd quarter valued at approximately $149,000.

About Andretti Acquisition Corp. II

Andretti Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a business combination. The company has no commercial operations of its own but seeks to merge with or acquire a private business with a focus on advanced mobility, high-performance automotive technologies, or related sectors. By leveraging the Andretti brand, it aims to align with firms operating at the intersection of motorsports and cutting-edge vehicle innovation.

The SPAC structure allows Andretti Acquisition Corp.