Global Partner Acquisition Corp II (NASDAQ:GPACU) Shares Cross Above 50 Day Moving Average – Time to Sell?

Global Partner Acquisition Corp II (NASDAQ:GPACU) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.09 and traded as high as $10.13. Global Partner Acquisition Corp II shares last traded at $10.13, with a volume of 5,943 shares trading hands.

Global Partner Acquisition Corp II Price Performance

The business has a 50-day moving average of $10.09 and a 200 day moving average of $10.05.

Institutional Investors Weigh In On Global Partner Acquisition Corp II

Several hedge funds and other institutional investors have recently modified their holdings of GPACU. Adage Capital Partners GP L.L.C. bought a new position in shares of Global Partner Acquisition Corp II in the 4th quarter worth $18,018,000. Alberta Investment Management Corp acquired a new position in Global Partner Acquisition Corp II during the fourth quarter worth $12,012,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Global Partner Acquisition Corp II in the fourth quarter valued at $12,012,000. Millennium Management LLC acquired a new position in shares of Global Partner Acquisition Corp II during the fourth quarter valued at about $12,012,000. Finally, Glazer Capital LLC acquired a new position in shares of Global Partner Acquisition Corp II during the fourth quarter valued at about $11,017,000.

Global Partner Acquisition Corp II Company Profile

Global Partner Acquisition Corp II does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in New York, New York. Global Partner Acquisition Corp II is a subsidiary of Global Partner Sponsor II LLC.