Andretti Acquisition Corp. II's (POLE) "Sell (D-)" Rating Reaffirmed at Weiss Ratings

Key Points

• Andretti Acquisition Corp. II's stock received a "Sell (D-)" rating reaffirmation from Weiss Ratings, indicating potential concerns for investors.
• The stock price increased slightly to $10.58, while trading volume was significantly lower than its average.
• Institutional investors have shown activity in the stock, with significant purchases including a 61,656.5% increase in holdings by Clear Street LLC during the second quarter.

Andretti Acquisition Corp. II (NASDAQ:POLE - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

Andretti Acquisition Corp. II Stock Performance

Shares of NASDAQ:POLE traded up $0.04 during trading on Friday, reaching $10.58. The stock had a trading volume of 16,009 shares, compared to its average volume of 37,041. The business has a fifty day moving average price of $10.47 and a 200-day moving average price of $10.37. Andretti Acquisition Corp. II has a fifty-two week low of $9.94 and a fifty-two week high of $11.16.

Institutional Investors Weigh In On Andretti Acquisition Corp. II

Institutional investors have recently bought and sold shares of the stock. Clear Street LLC grew its holdings in Andretti Acquisition Corp. II by 61,656.5% in the second quarter. Clear Street LLC now owns 14,204 shares of the company's stock valued at $147,000 after purchasing an additional 14,181 shares during the period. Sandia Investment Management LP purchased a new stake in Andretti Acquisition Corp. II in the second quarter valued at approximately $415,000. Whitebox Advisors LLC purchased a new stake in Andretti Acquisition Corp. II in the second quarter valued at approximately $2,076,000. Radcliffe Capital Management L.P. purchased a new stake in Andretti Acquisition Corp. II in the second quarter valued at approximately $2,386,000. Finally, Gritstone Asset Management LLC grew its holdings in Andretti Acquisition Corp. II by 429.6% in the first quarter. Gritstone Asset Management LLC now owns 241,691 shares of the company's stock valued at $2,448,000 after purchasing an additional 196,051 shares during the period.

About Andretti Acquisition Corp. II

Andretti Acquisition Corp. II is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Andretti Acquisition Corp. II is based in INDIANAPOLIS, IN.

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