HBK Investments L P Purchases New Holdings in Alussa Energy Acquisition Corp. II $ALUB

HBK Investments L P purchased a new position in shares of Alussa Energy Acquisition Corp. II (NYSE:ALUB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 666,668 shares of the company’s stock, valued at approximately $6,693,000. HBK Investments L P owned approximately 1.85% of Alussa Energy Acquisition Corp. II at the end of the most recent reporting period.

Separately, BlueCrest Capital Management Ltd acquired a new position in Alussa Energy Acquisition Corp. II in the 2nd quarter valued at $8,283,000.

Alussa Energy Acquisition Corp. II Stock Performance

Shares of Alussa Energy Acquisition Corp. II stock remained flat at $10.12 on Wednesday. 111,525 shares of the stock were exchanged, compared to its average volume of 79,010. The stock’s 50 day moving average price is $10.10. Alussa Energy Acquisition Corp. II has a 12 month low of $9.90 and a 12 month high of $10.17.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Alussa Energy Acquisition Corp. II from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Alussa Energy Acquisition Corp. II Company Profile

Alussa Energy Acquisition Corp. II is a special purpose acquisition company (SPAC) organized to pursue a business combination with one or more operating companies. Its structure may involve a merger, share exchange, asset acquisition, share purchase, reorganization, or similar transaction.

Unlike an operating company, Alussa Energy Acquisition Corp. II does not appear to manufacture products or provide commercial services of its own. Its primary activities are evaluating potential acquisition targets, negotiating a transaction, and seeking shareholder approval for a proposed combination.

Publicly available information about the company’s specific target, operating geographies, and leadership is limited.