Ares Acquisition Corp II Sees Unusually Large Options Volume (NASDAQ:KDK)

Key Points

• Ares Acquisition Corp II experienced a surge in options trading, with 7,604 call options purchased, marking a 191% increase from its typical volume of 2,614 call options.
• The stock price rose by $0.40 to reach $7.23 on Friday, with a significant trading volume of 2,993,156 shares compared to its average of 624,861 shares.
• Ares Acquisition Corp II has been classified as a blank check company, primarily engaged in activities to prepare for a merger or similar business combination.

Ares Acquisition Corp II (NASDAQ:KDK - ) was the recipient of unusually large options trading activity on Friday. Traders purchased 7,604 call options on the company. This is an increase of approximately 191% compared to the typical volume of 2,614 call options.

Ares Acquisition Corp II Stock Performance

NASDAQ KDK traded up $0.40 on Friday, reaching $7.23. The company had a trading volume of 2,993,156 shares, compared to its average volume of 624,861. Ares Acquisition Corp II has a 1 year low of $5.77 and a 1 year high of $11.62.

Ares Acquisition Corp II Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to as our initial business combination. Our only activities since inception have been organizational activities and those necessary to prepare for this offering.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.