Andretti Acquisition (NYSE:WNNR) Trading Up 32%

Andretti Acquisition Corp. (NYSE:WNNR) shares were up 32% during mid-day trading on Thursday . The company traded as high as $18.50 and last traded at $13.60. Approximately 1,125,400 shares were traded during trading, an increase of 955% from the average daily volume of 106,661 shares. The stock had previously closed at $10.30.

Andretti Acquisition Stock Performance

The business has a 50-day moving average price of $11.14 and a 200-day moving average price of $10.95.

Institutional Investors Weigh In On Andretti Acquisition

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in Andretti Acquisition during the fourth quarter worth about $853,000. Westchester Capital Management LLC purchased a new position in Andretti Acquisition during the fourth quarter worth approximately $1,141,000. Glazer Capital LLC raised its position in Andretti Acquisition by 30.4% in the fourth quarter. Glazer Capital LLC now owns 543,937 shares of the company’s stock valued at $5,913,000 after purchasing an additional 126,932 shares during the period. Wolverine Asset Management LLC grew its stake in shares of Andretti Acquisition by 245.9% in the fourth quarter. Wolverine Asset Management LLC now owns 398,552 shares of the company’s stock valued at $4,332,000 after buying an additional 283,334 shares in the last quarter. Finally, Hudson Bay Capital Management LP grew its stake in Andretti Acquisition by 47.3% during the 3rd quarter. Hudson Bay Capital Management LP now owns 440,063 shares of the company’s stock worth $4,731,000 after purchasing an additional 141,247 shares in the last quarter. 51.22% of the stock is currently owned by hedge funds and other institutional investors.

About Andretti Acquisition

Andretti Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. Andretti Acquisition Corp. was incorporated in 2021 and is based in Indianapolis, Indiana.