Jackson Acquisition Company II's (JACS) "Sell (D-)" Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has reiterated a "sell (D-)" rating for Jackson Acquisition Company II (JACS), indicating ongoing concerns about the stock's performance.
• As of mid-day trading, JACS shares increased by $0.03 to $10.42, showing better trading volume compared to its average.
• Institutional investors have actively modified their positions in JACS, with notable purchases including OCONNOR and BCK Capital Management, both investing around $1,030,000 each.

Jackson Acquisition Company II (NYSE:JACS - Get Free Report)'s stock had its "sell (d-)" rating restated by analysts at Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

Jackson Acquisition Company II Price Performance

Shares of JACS stock traded up $0.03 during mid-day trading on Tuesday, reaching $10.42. The stock had a trading volume of 13,991 shares, compared to its average volume of 6,662. The stock's 50-day moving average price is $10.36 and its two-hundred day moving average price is $10.27. Jackson Acquisition Company II has a 52-week low of $9.94 and a 52-week high of $10.41.

Hedge Funds Weigh In On Jackson Acquisition Company II

Hedge funds and other institutional investors have recently modified their holdings of the stock. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Jackson Acquisition Company II during the second quarter valued at about $1,030,000. BCK Capital Management LP purchased a new position in shares of Jackson Acquisition Company II during the second quarter valued at about $1,030,000. Wolverine Asset Management LLC increased its position in shares of Jackson Acquisition Company II by 160.2% during the first quarter. Wolverine Asset Management LLC now owns 338,300 shares of the company's stock valued at $3,407,000 after buying an additional 208,300 shares during the period. Berkley W R Corp increased its position in shares of Jackson Acquisition Company II by 40.3% during the second quarter. Berkley W R Corp now owns 346,265 shares of the company's stock valued at $3,567,000 after buying an additional 99,390 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Jackson Acquisition Company II during the first quarter valued at about $3,624,000.

Jackson Acquisition Company II Company Profile

Jackson Acquisition Co II operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on September 11, 2024 and is headquartered in Alpharetta, GA.

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