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

Key Points

• Andretti Acquisition Corp. II's (NASDAQ:POLE) stock has been given a "sell (D-)" rating by Weiss Ratings, indicating potential concerns about its performance.
• The stock increased by 0.4% to $10.50 during mid-day trading, with a trading volume significantly lower than its average.
• Several institutional investors, including Calamos Advisors LLC and Wolverine Asset Management LLC, have made substantial investments in Andretti Acquisition Corp. II during the first quarter.

Andretti Acquisition Corp. II (NASDAQ:POLE - Get Free Report)'s stock had its "sell (d-)" rating reiterated by equities researchers at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Andretti Acquisition Corp. II Stock Up 0.4%

NASDAQ POLE traded up $0.04 during mid-day trading on Wednesday, hitting $10.50. The stock had a trading volume of 2,056 shares, compared to its average volume of 39,244. The firm's 50 day moving average is $10.44 and its 200 day moving average is $10.34. Andretti Acquisition Corp. II has a twelve month low of $9.94 and a twelve month high of $11.16.

Institutional Trading of Andretti Acquisition Corp. II

Large investors have recently added to or reduced their stakes in the stock. Calamos Advisors LLC purchased a new position in shares of Andretti Acquisition Corp. II during the 1st quarter worth $8,374,000. Wolverine Asset Management LLC raised its position in Andretti Acquisition Corp. II by 234.9% in the 1st quarter. Wolverine Asset Management LLC now owns 658,099 shares of the company's stock valued at $6,667,000 after purchasing an additional 461,607 shares in the last quarter. Mizuho Securities USA LLC acquired a new stake in Andretti Acquisition Corp. II in the 1st quarter valued at about $2,532,000. MMCAP International Inc. SPC acquired a new stake in shares of Andretti Acquisition Corp. II during the 1st quarter worth about $5,875,000. Finally, Westchester Capital Management LLC raised its position in shares of Andretti Acquisition Corp. II by 63.2% during the 1st quarter. Westchester Capital Management LLC now owns 1,161,916 shares of the company's stock worth $11,793,000 after acquiring an additional 450,000 shares in the last quarter.

Andretti Acquisition Corp. II Company Profile

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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