Andretti Acquisition Corp. II (NASDAQ:POLEU) Stock Price Up 5.9% – What’s Next?
by Tristan Rich · The Markets DailyShares of Andretti Acquisition Corp. II (NASDAQ:POLEU – Get Free Report) traded up 5.9% on Tuesday . The company traded as high as $11.20 and last traded at $11.50. 100 shares were traded during trading, a decline of 83% from the average session volume of 600 shares. The stock had previously closed at $10.86.
Andretti Acquisition Corp. II Stock Performance
The company has a 50 day simple moving average of $10.90 and a two-hundred day simple moving average of $11.33.
About Andretti Acquisition Corp. II
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.