Shares of Andretti Acquisition Corp. II (NASDAQ:POLEU – Get Free Report) rose 10% during trading on Friday . The company traded as high as $11.67 and last traded at $11.67. Approximately 200 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 4,519 shares. The stock had previously closed at $10.61.
Andretti Acquisition Corp. II Stock Performance
The stock has a 50 day simple moving average of $10.93 and a 200-day simple moving average of $10.68.
Andretti Acquisition Corp. II Company Profile
Andretti Acquisition Corp. II is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the Nasdaq under the ticker POLEU. The firm was formed with the purpose of identifying and consummating a business combination with one or more operating businesses, primarily within the automotive, mobility, motorsports and related technology sectors. As a blank-check company, Andretti Acquisition Corp. II seeks to leverage public market capital to partner with growth-oriented enterprises that can benefit from the Andretti Global brand and expertise in performance engineering and racing innovation.
The SPAC is sponsored by Andretti Global, the parent company of the Andretti racing organization founded by three-time IndyCar champion Mario Andretti and now led by his son, Michael Andretti, who serves as Executive Chairman.
Recommended Stories
- Five stocks we like better than Andretti Acquisition Corp. II
- How a Family Trust May Be Able To Help Preserve Your Wealth
- Do not delete, read immediately
- Your Signature Is Missing – Act Before It’s Too Late
- The $100 Trillion AI Story No One Is Telling You
- NEW LAW: Congress Approves Setup For Digital Dollar?
Receive News & Ratings for Andretti Acquisition Corp. II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Andretti Acquisition Corp. II and related companies with MarketBeat.com's FREE daily email newsletter.
