Ares Acquisition Co. II (NYSE:AACT) Reaches New 1-Year High at $10.84

Ares Acquisition Co. II (NYSE:AACT)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $10.84 and last traded at $10.83, with a volume of 2398 shares. The stock had previously closed at $10.81.

Ares Acquisition Co. II Price Performance

The stock’s 50-day moving average price is $10.77 and its 200-day moving average price is $10.68.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Condor Capital Management lifted its position in shares of Ares Acquisition Co. II by 30.2% in the 1st quarter. Condor Capital Management now owns 53,057 shares of the company’s stock worth $561,000 after buying an additional 12,307 shares during the last quarter. Virtu Financial LLC bought a new stake in Ares Acquisition Co. II in the 1st quarter valued at about $1,161,000. Wolverine Asset Management LLC lifted its position in Ares Acquisition Co. II by 150,674.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 125,143 shares of the company’s stock valued at $1,335,000 after purchasing an additional 125,060 shares during the last quarter. Berkley W R Corp lifted its position in Ares Acquisition Co. II by 165.5% in the 1st quarter. Berkley W R Corp now owns 207,456 shares of the company’s stock valued at $2,193,000 after purchasing an additional 129,324 shares during the last quarter. Finally, Mizuho Securities USA LLC bought a new stake in Ares Acquisition Co. II in the 1st quarter valued at about $3,679,000. 72.95% of the stock is currently owned by institutional investors.

Ares Acquisition Co. II Company Profile

Ares Acquisition Corporation II does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Ares Acquisition Corporation II was incorporated in 2021 and is based in New York, New York.